4 ms·
you are risking your career and monetary stability, at your 20s too, if you start a company and fail, you risk going homeless and having a huge gap on your cv.
by kown223 8y ago
you are risking your career and monetary stability, at your 20s too, if you start a company and fail, you risk going homeless and having a huge gap on your cv.
- DoreenMichele 8y agoI would like to see a citation for this assertion that, if your company fails, you are at high risk (or higher than normal risk) of homelessness. This doesn't fit with what I know for what puts a person at risk of homelessness. And there's no gap on your CV. You put down "Worked on launching x startup from X date to Y date. It sold, folded, whatever and I'm looking for a job now." Thank you in advance if you can come up with a cite.
- ericand 8y agoMy understanding is that failing is more of an issue outside the US. In the US, which is where the data is from, I tend to agree with DoreenMichele: Startup failure is fairly easy to recover from. You mostly risk opportunity cost (lost wages, lost promotion periods).
- TomMarius 8y agoActually cost of failure is much lower in Europe due to welfare state and generally lower cost of living.
- jarsin 8y agoWhat is career stability now days anyways? Guys working at amazon right now are scared to death everyday they will get fired. I know people who lost jobs at almost every FANG company due to politics. Not sure the difference anymore of working for the man and losing your job or doing a startup and failing.