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If you have a year or two of living expenses, a mortgage, and a family, it's a much bigger risk than if you have nothing...especially if "nothing" means very fe
by aberman 16y ago
If you have a year or two of living expenses, a mortgage, and a family, it's a much bigger risk than if you have nothing...especially if "nothing" means very few big-ticket expenses.
If you have nothing, you are risking the opportunity cost of having a "real job". As long as you can find a way to support yourself (food and shelter), it's a good time to gamble.
- rubashov 16y ago> As long as you can find a way to support yourself I'm not nearly so sanguine about most people's ability to make that happen. The kind of people who get into a seed funding program probably don't have to worry about living in mom's basement for three years before something comes together. I think that kind of penalty for failure would be way more common among most people than you're acknowledging.
- billclerico 16y agoalmost everyone qualified to start a company has some sort of skill they can sell for $20-40 per hour (or far more). which is generally enough to pay rent.