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If I'm reading you right, "realistic shot" = 1 in 10 succeed right? I'm not saying that's right or wrong, good or bad, but just to let people know that's genera
by hardwaresofton 11y ago
If I'm reading you right, "realistic shot" = 1 in 10 succeed right? I'm not saying that's right or wrong, good or bad, but just to let people know that's generally the statistic that gets thrown around for becoming profitable as some new tech startup trying to make it. I am unsure if that stat is VC-funded only or contains bootstrapped startups and VC-funded ones.
I absolutely agree with your post. This is what I feel when someone asks me "how's work". Any time someone talks to me about wanting to switch careers, I recommend tech for those very reasons -- there are few other high-earning career/profession that can compare.
- zenlikethat 11y agoI think the original poster just means that, compared to other industries, the odds of success starting a software company (especially a bootstrapped business or consulting business) is a lot higher than other industries. I'd take software odds over the odds of starting a restaurant that succeeds any day.
- hardwaresofton 11y agoYep - and with that I completely agree -- just wanted to convey that the odds aren't like... 9/10 succeed, but like you said, it's waaaaay better than starting just about any other type of business