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> Cause (in case I’m smart enough at all) I have no courage to risk and implement a working thing by myself The risk of the same action (e.g. spending a year o
by dubbel 5y ago
> Cause (in case I’m smart enough at all) I have no courage to risk and implement a working thing by myself
The risk of the same action (e.g. spending a year on getting a startup to work out) differs based on your background, too.
Let's say you make minimum wage. That reduces the amount of money you can invest in your startup, lowering the chances of success while also shortening the runway. The risk here is might even be homelessness.
If you are backed by a reasonably wealthy family, you can invest more and your runway is longer, making it more likely to succeed (or at least fail not that hard). The risk here is having "wasted" one year of your life.
This doesn't even take into account other factors like family/friend connections.
Of course there are always counter examples to this, I'm just talking about probabilities.
- wruza 5y agoGood point. I’ve come up with a similar strategy: no wealth, but have a handful of life-years in savings before starting something. If it doesn’t work out in a year, there is still a good safety net and time to re-evaluate. Heh, it must be much easier to reason about when you have backup just by default.