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The biggest cost is your time. You've valued it at 0... If the startup idea requires someone (or more than one person) to work on it full time in order to suc
by bennyelv 6y ago
The biggest cost is your time. You've valued it at 0...
If the startup idea requires someone (or more than one person) to work on it full time in order to succeed then that's not a valuation that is practical.
- jimmySixDOF 6y agoIt's better to say: The biggest investment is your time. Sweat = Equity
- jlbnjmn 6y agoSweat * leverage = equity. Time used wisely is an investment, but time used poorly is an expense. Being able to tell the difference is key.
- bennyelv 6y agoThat’s only a practical way to think about it if you have enough other income to cover your expenditure. Equity doesn’t pay your rent.