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Worth adding that given the likelihoods of failure of a startup (high), risking the house on it would be insane.
by swombat 16y ago
Worth adding that given the likelihoods of failure of a startup (high), risking the house on it would be insane.
- lsc 16y agoyeah, they say that if you work for someone who puts their own money in to the business you have an insane boss. On the other hand, this is how most small businesses owners I've met did it. Most of us lack the connections to get people to give us money on "eh, if it doesn't work out, we forget about it." terms. Hell, try to get any kind of lease as a small company without personally co-signing. "If you don't believe in your company, why should I?" is something that more than one landlord has told me. So yeah, while you could say it is insane, it's also quite difficult to get a company off the ground without accepting some personal liability on the downside.