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Chip on your shoulder? If you con your investors then there's no chance of starting over. If you make your investors aware of the risks and it just doesn't wor
by louisswiss 10y ago
Chip on your shoulder?
If you con your investors then there's no chance of starting over. If you make your investors aware of the risks and it just doesn't work out (but you handled the situation well) then you've failed but are still well ahead of those who never tried.
Also, although investors may pay your rent for the year, as a founder you're expected to take <50% of your market wage in most cases and you'll be working longer hours, so this isn't a great argument.
- josefx 10y ago> If you con your investors then there's no chance of starting over. A new sucker is born every minute. > as a founder you're expected to take <50% of your market wage in most cases and you'll be working longer hours relying on the assumption that the founder is actually doing work he is getting paid for, or that he didn't hire several friends that receive most of the money. > Chip on your shoulder? Lets say I have a good reason to no longer trust any sheme that the founder can just kill with little consequence to himself.
- louisswiss 10y agoAll true and all reasons why venture capital/startup investing in general requires experience, insight, time and 'losable' capital to do properly... These are the basic risks you need to control for before investing.