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Let's be honest: people who found startups fall in three categories: * Those who have funds to fall back on in case the startup fails * Those who got VC fundi
by pikzen 10y ago
Let's be honest: people who found startups fall in three categories:
* Those who have funds to fall back on in case the startup fails
* Those who got VC funding
* Those who are actually risking things because they invested everything in their startup
I'd wager the first two categories make up 90% of startup founders. These people take absolutely zero risks. Whoop, startup fails. Oh well, it was either not your money or you've still got a comfortable amount to sit on.
Thsoe last 10 percent, yes, they do take risks. Don't expect me to cry for the others.
- hyperliner 10y agoSo, if they have "funds to fall back under" isn't that a risk?
- mpbm 10y agoThis word "risk." I do not think it means what you think it means. Just because someone has lots of money (their own or a VC's) doesn't mean they aren't risking that money when they put it into a startup. The money is at risk because it probably WON'T be returned, let alone increased. I think what you're conflating with risk is actually diversification. You're only willing to cry for the people who are "all in" on a single investment. Arguably, being diversified is the sensible thing to do and it's the idiots who don't make sensible choices who you shouldn't cry for.