3 ms·
I am not sure if I believe this, but the author had an interesting point: "This dynamic seriously limits the pool of individuals who can successfully start com
by rpkoven 9y ago
I am not sure if I believe this, but the author had an interesting point:
"This dynamic seriously limits the pool of individuals who can successfully start companies to those who have higher risk profiles, can defer immediate financial gratification, and who are resourceful enough to make something with scant resources."
I think a lot of good entrepreneurs are risk averse. Meaning they find a good idea and validate it before going headlong into it.
- rpkoven 9y agoI agree with this: "For an early stage company, the longer you can put off expanding your head count and endure the financial pain of not paying yourself anything close to a market rate salary, the more runway and resources you’ll have to invest in actually growing the company."
- dtawfik1 9y agoI’m glad you enjoyed the piece. I agree that there’s a lot of work pre-release in validating an idea to mitigate some of the risk.