How to survive ?

I have a small problem ahead. Here is the very brief problem explanation. I am living in Turkey and just finished CS and accepted for the grad study and also I am accepted from one international company which offers a good salary and international team experience. But I am not sure any of these paths since I want to try my own way with a start-up. But things are harder then US or Europa I guess. For the last 12 months a friend and I have been developing a Web 2.0 (with Rife and GWT) application for a field in Turkey which is big in terms of vast number of possible users(and possible income for us :). We are about to make a relatively healthy release.. anyway the thing is (which is also the problem) we have absolutely no money! To get some investment from organizations like Tekmer(semi-official seeding organization in Turkey) or investors, there is always the problem of either the bureaucracy or the very clever investors who asked for %50 percent share of everything. To start our company we need some income, but to have some income, we need to sell sth. any comment or suggestion will be appreciated..thanks