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I agree with you but at the same time, a lot of people can't really create a lifestyle business. Yes, if you are a Senior Developer in SV, you can probably save
by odshoifsdhfs 7y ago
I agree with you but at the same time, a lot of people can't really create a lifestyle business. Yes, if you are a Senior Developer in SV, you can probably save 50k a year and then move to bumfuck Montana and start your lifestyle business, but a lot can't. I know many senior developers in my country that if they save 2000-3000 are probably in the top savers.
I already refused investment as I didn't think my goals aligned fully with the investors, but I am lucky as I don't have to pay rent (family flat) and I did some contracting that allowed me to save some money. Most of my developer friends will be fucked if their companies fire them as atm no-one will really hire them in the next few months for sure.
- scarface74 7y agoI’m assuming you aren’t in the US. Well I am in the US and if I lost my job in the current climate, I think I would have a hard time trying to find a job. I’ve never felt that way before - not in 2000 or 2008-2010. So your friends are far from unique. The entire global economy is screwed. Assuming you’re trying to start a lifestyle software business, your startup costs should be cheap thanks to cloud providers or just using something like VMs.
- odshoifsdhfs 7y agoI am not (Portugal). And I feel for you (and my friends and even myself, everyone is suffering now). What I meant was, a lifestyle sw business, while low cost to run, means either someone having savings or a small family/friends angel investment/loan. That is why I mentioned some folks take funding because a lifestyle business is beyond their reach as they are working 40+ hours just to break even.