I have been in software industry since Aug-2005. In beginning of 2009 I got a nasty memory leak related defect to solve from my employer. To help myself with such kind of errors in future, I started writing a C++ based tool which will find all kind of memory errors in C++.
Soon I realized that it can become a very effective way of finding memory errors in C++ for any programmer if we automate it. Sometimes motivated and sometimes frustrated (related question in programmers ), I continued to work on it in my personal time like evenings, weekends. By this date, I assume the tool is at least 80% complete if not more.
With current job, I am not able to work on it effectively and the rest 20% is giving me tough time. How can I convert this project into a start-up ? I haven't tried much to find any investor as I don't know how to do that. I am a pure technical guy. How can I present my 80% finished work to someone and get the funding ?
So basically I am not hoping for big investors (though I welcome them). This is not something to do with million dollar investment. It's as simple as someone funding me. It's a pet project trying to be a mainstream product.
I have decent reputation in my SO profile. Is it appropriate to write something related to this tool to find interested parties ?
Steps to convert it to a startup:
You might be surprised to find out that getting funding will probably take you more time and effort than just finishing your program.
The money is only useful if you can turn it into more money in the future. How much money are you looking for? What will you do with that money if you get it?
Chances of someone funding you at this stage (no product, no customers, unknown potential in the market) are slim to none. Take Joel's advice, finish the product and start selling it yourself.
Not to mention that other people's money is very expensive at this stage: people will want significant equity for their money. That means a piece of your business that they'll own forever. If they own 50% of your business and you make 1 million dollars, they get half of it. Did you do the math to see if it's worth it, for you?
Finally, I hate to burst your bubble, but you won't make money selling a tool for finding memory leaks for C++. There are, literally, tens of them, most of them free and open-source (e.g. valgrind), and they are on the market for decades. There's just no market for yet another memory leak finding tool. Have you done any research on competition? Is your tool better than all the existing tools?