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But it's very hard to do in terms of knowing how to do it. Most people here on HN know what it takes to get good grades or work out, but even here on HN not eve
by Maro 16y ago
But it's very hard to do in terms of knowing how to do it. Most people here on HN know what it takes to get good grades or work out, but even here on HN not everyone is good at networking, not everyone can relocate to SV (eg. because you have a family or don't get a Visa), not everyone can afford to repeatedle try again with a new company. Also, when I said "wealthy" I meant "how wealthy is your family", as in how big a risk can you afford to take.
Where I live (E.Europe) I find most tech entrepeneurs are from somewhat wealthy families (= they don't have to worry about getting a 9-5 job, but they're not driving around in sportcars), so they're motivated but get to take bigger risks, don't have to worry about making a steady income, and also receive free networking from their parents, who are usually also businessman.
You can still try to work around these problems, in fact I have tried to, but you're taking on very large risks which are hard to control. Eg. if you're supporting your startup with contract work because there's no VC money around, and your contracts dry up, then what. Or, if your competition, located in another part of the world gets VC money and speeds away in terms of hype (not even the product), then what.
- piguy314 16y agoHow much do the punitive debt repayment, personal liability and bankruptcy laws cause a chilling effect on entrepreneurship in your country? The common wisdom is that America has more risk taking because of our permissive bankruptcy laws and limited liability that allow people to discharge onerous business debt, but I'm wondering if that is actually true.