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I think the negatives are often underappreciated. I know founders who ruined their credit, destroyed their friendships, ended lifelong relationships, lost thei
by neilk 6y ago
I think the negatives are often underappreciated.
I know founders who ruined their credit, destroyed their friendships, ended lifelong relationships, lost their sanity, and in one case, probably committed suicide. Some do move on to other things and have a lingering sense they are failures, because they knew one or two people who exited with millions who seemed no better than they were. And they don't think they can talk to anyone about any of this, because who would have sympathy?
I don't have data, but I think the negative or ambiguous outcomes hit the founders from middle-class or working class backgrounds way harder. This was their one shot. Someone who falls back to their parents' millions will get other chances.
- notahacker 6y agoI think this is true and nearly referenced the psychological downsides in my OP, I'm just perhaps uncharitably assuming the 'wantrapreneur' class dreams of riches and enjoys pitch sessions but has less commitment than most founders to actually executing their idea and hitting targets, and fewer staff and customers to feel they've let down.