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I've was in exactly the same position as you, "why would anyone want to risk it on a startup when you can make several hundreds of pounds a day contracting". An
by world32 8y ago
I've was in exactly the same position as you, "why would anyone want to risk it on a startup when you can make several hundreds of pounds a day contracting". And now I am working on my own side project.
You get used to the money very quickly, if you are smart you will be saving at least 30-40k a year depending on where you live (I assume you're in London based on your day rate). Even though it is a huge amount of money and certainly a first world problem, if not a 1% world problem, you might still get bored with your job. And If you do ever get bored then having a mountain of savings and knowing that you can always go back to contracting if you want to puts you in the perfect position to start your own business.
But it seems like you were thinking that you would do your own startup because "thats what you're supposed to do". If you are happy contracting and enjoying the money from it then stick with that. Doing your own startup can be a great experience but it is not some kind of nirvana that everybody has to aspire to.
EDIT: I would also recommend reading this article for a perspective on how to think about your work. These days in tech everybody tells you that you have to "do what you love", and generally that is assumed to be orthogonal to what earns the most money. Don't take that advice as gospel. If you are happy working as a javascript contractor and earning a sh*t-ton of money then you are in a very good place. The hacker news mindset has created a lot of startup mythology around "doing your own thing" and "breaking the mould" which might make you think that its something you need to do too.
https://www.theatlantic.com/ideas/archive/2019/02/religion-workism-making-americans-miserable/583441/ https://www.theatlantic.com/ideas/archive/2019/02/religion-w...