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It's very unlikely you'll get through 10 startups without having to spend your own money since a three time loser is not going to get investment very easily. Y
by sunir 16y ago
It's very unlikely you'll get through 10 startups without having to spend your own money since a three time loser is not going to get investment very easily.
Your average net income over the period of time it takes you to get a $5M exit will probably exceed your earnings from that exit, which will likely be less than $1M.
The point is that startups are not an easy or guaranteed way to make killer money. That's gold rush thinking. Think about how many startups (thousands) are in Silicon Valley right now and how many have exited in the last 5 years (dozens).
Don't get me wrong. Live the dream. I'm working at my 6th startup, and I just started my first one. But don't do it for the money. Do it because you're creating something you believe should exist in the world.