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Harsh Realities From 500 Startups Founders
- cperciva 16y agoI blinked when I got to this remark: "...my prior seven figure personal net worth had been reduced to $30,000, which I had stocked away in cash in a safety deposit box." To me the idea of having $3k in cash is unthinkable (retail businesses and other circumstances where there is an operational need for cash excepted, of course), never mind $30k in cash. It brings to mind drug dealers and money laundering. Is having such large amounts of cash more commonplace in the US, or were other readers similarly startled?
- DanielRibeiro 16y agoThis one really made me think: You Can’t Do It All Yourself After getting rejected by Y Combinator in 2008, my soon-to-be co-founders couldn’t take on the risk. I decided to do it myself, and ran out of steam (and moral support) after about 12 months and decided to fold. (Sid Viswanathan, CardMunch)