4 ms·
Best of luck. I hope I'm wrong, but I'm a cynic here. Ideas are cheap. If you have a good idea, and not even access to $100k in debt, then that's a decent pr
by onlyrealcuzzo 4y ago
Best of luck.
I hope I'm wrong, but I'm a cynic here.
Ideas are cheap.
If you have a good idea, and not even access to $100k in debt, then that's a decent proxy that you either don't believe enough to take the debt yourself or that you maybe aren't qualified to run the business.
Especially when you consider a huge majority of successful businesses are founded by more than one person...
- Destiner 4y agoI believe even in US not many ppl have access to 100k in debt (and usually that debt would be tied to you not the company) But even besides, there’s plenty of third world-ish countries with lots of talent and no easy money.
- onlyrealcuzzo 4y agoThey also don't have a path to easy money like in the US. It's a lot harder to make $10M per year in Zimbabwe than it is in the US.
- danenania 4y agoMany YC-backed founders wouldn’t have been able to access 100k in debt before getting into YC. I imagine quite a number of very successful companies wouldn’t have been pursued if debt was their only option early on. It also just isn’t smart to start a startup with personally-guaranteed debt if you aren’t wealthy to begin with. Of course you need to believe in yourself, your idea, and your business, but that doesn’t mean pretending that there’s zero chance of failure—that’s just hubris.