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> "To be clear, The ideas I have in my opinion are not high risk (worst case you break even after a few years)." It's good to be optimistic, but not naive. The
by soneca 7y ago
> "To be clear, The ideas I have in my opinion are not high risk (worst case you break even after a few years)."
It's good to be optimistic, but not naive. The worst case is that none of your ideas will ever generate a single dollar of revenue. Actually, I would even say that the most likely case is that you will never reach break even.
With your naive assumption you can get into unnecessary debt and now the worst case is that you lose all your financial reserves.
> "the better ideas I have cost a lot of initial money to develop even a small proof of concept."
I would think very hard to find a way to validate these ideas without that much of initial money. I am honestly don't trust your judgement now that it is impossible to even test without a lot of money. But if that's really true, it means that you want to build something that requires a lot of deep expertise and/or infrastructure (like a new self-driving drone or a new drug). The only people who get money to work on these kind of projects are researchers within a big company or entrepreneurs with an impressive track record of success (think Elon Musk).
So maybe these ideas are not for you.
- badrabbit 7y agoSo, it is nothing on the scale of that. But things like land,real-estate,equipment are cash intensive. For example one of my better ideas will work with an app and a lot if infrastructure. But even at a very small POC it will cost at least $50K which isn't an earth shattering amount but still too much for me.