3 ms·
I dono, man. I mean, I'm making between 1/3rd and 1/4th what I'd be making normally, and I'm feeling pretty good about things because my net worth is increasin
by lsc 16y ago
I dono, man. I mean, I'm making between 1/3rd and 1/4th what I'd be making normally, and I'm feeling pretty good about things because my net worth is increasing quickly.
I mean, things have been much worse. At its worst, I was personally on the hook for tens of thousands of dollars of company debit, and making even less money than I am now. failure is something that I've faced before and that I'll probably face again. But, the thing is, I've never had any real financial responsibilities. If failed, really, my creditors would have been the only people who were hurt. Hell, even now, yeah, I'm living with someone, but she's another bay area nerd and doesn't need my money.
I personally would feel very different about taking the risks I take if others were depending on me. Would I do it anyhow? I don't know. but I'd think much harder about it. (and yeah, this is part of why I've avoided taking on those responsibilities.)
On the other hand, I do know other very successful entrepreneurs who made their money while supporting families. But most of those took the lower-risk 'productize your consulting business' route.