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> on incredible amounts of risk These days 9/10 founders only take on opportunity risk. In real terms, they take on a tiny amount of risk. Undocumented immigra
by thundergolfer 4y ago
> on incredible amounts of risk
These days 9/10 founders only take on opportunity risk. In real terms, they take on a tiny amount of risk. Undocumented immigrants on the other hand, that's risk. Astronauts, yep, an incredible amount of risk. Founders, no, just hard work.
- jahewson 4y agoWe’re talking about financials here so it’s referring to financial risk. A highly-qualified and skilled founder is forgoing the guaranteed opportunity to make $1m+ in the time they choose instead to work on their startup. They also risk harming their future earning potential and career prospects if they don’t already have a track record of success. A low-paid worker in this imaginary situation isn’t risking much of anything financially as they’ll (hopefully) get minimum wage either way. (In practice a lot of small businesses owners use debt and that is where the financial risk lies for them).