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I'm really not a fan of the "you have to sell your house!" rhetoric. Why is it that in startups, people who do unethical/obviously stupid things in pursuit of a
by ivraatiems 11y ago
I'm really not a fan of the "you have to sell your house!" rhetoric. Why is it that in startups, people who do unethical/obviously stupid things in pursuit of a rare chance at possible money are considered desirable?
Is there data that suggests that such people actually found and lead successful startups?
- AnimalMuppet 11y agoI don't think you have to sell your house. But in a startup, with at least 80% probability, you are going to be faced with a choice along the lines of "Do I sell my house to keep this thing running for another month, and hope it takes off? Or do I kill it now, and write off the last year and all the money I've already lost?" Note: the 80% probability claim is based on my understanding of the probability of a startup failing.
- sharemywin 11y agoIf your self funding you can do things how ever you want. If you want other people's money you need something special. They need to believe your bullshit is worth more than the money in their pocket. Which means you need to believe in your bullshit more than that. And if it is why wouldn't you be working 90 hours a week to make it happen.