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i.e., "Make it easier to put risk capital into people who are more risk averse." A mortgage and family are a handicap in something that requires high levels of
by wheels 16y ago
i.e., "Make it easier to put risk capital into people who are more risk averse."
A mortgage and family are a handicap in something that requires high levels of uncertainty and huge amounts of time. It seems you'd want to bias selection towards those who would take the plunge despite that handicap rather than offering a work around with a 6 month expiration date.
- frederickcook 16y agoFor an individual with a mortgage and family, when the going get's tough, they drop the startup and go get jobs. For someone who can live on a grad student budget (YC funding level), there are many months of productivity left after money starts to get thin.