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The biggest risk (and most likely outcome) with any tech startup is financial failure. The smart strategy is to do things that will boost your odds of success.
by paul 18y ago
The biggest risk (and most likely outcome) with any tech startup is financial failure. The smart strategy is to do things that will boost your odds of success. Hoarding equity is rarely a good way to do that -- you will most likely end up owning 100% of nothing.
- aswanson 18y agoI have thought a lot about this, mainly because of my hoarding mentality that I am trying to purge. Think about the great successes in startups -- they seem to come from people sharing and building off of other each others ideas. Take one person away from the early teams of any major tech company and the odds of success drop to nil. Hate to admit it, but this line of thinking lends some credence to the 'single founder fail' conclusion of YC that I disagree with.