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I spent two years on a self funded hardware startup. It failed and I spent all but 10k of my money (including retirement) by the time I paid off debt that would
by andymoe 9y ago
I spent two years on a self funded hardware startup. It failed and I spent all but 10k of my money (including retirement) by the time I paid off debt that would have trashed my credit for years. (Thanks partner) It was hard and painful and I’m not sure I’d do it again. Certainly not that way. There is something to be said for capital preservation.
On the other hand.. my absolute worst case was losing all my money and getting another six figure job... which I did.
(36, two young kids)
- AstralStorm 9y agoSecond worst case would be doing that then... not getting a job. This is always a possibility, the old adage of markets staying irrational longer than you can stay solvent is very true.