4 ms·
Lost is a wobbly word. If we put $200k on the table, in stacks of crisp clean bills, and said "This money is going to found a start-up", then four years later
by nonrandomstring 4y ago
Lost is a wobbly word.
If we put $200k on the table, in stacks of crisp clean bills, and said
"This money is going to found a start-up", then four years later
there's nothing left.... that stings.
On the other hand, suppose you (foolishly) frame things like the
RIAA/MPAA do, that every lost opportunity is a real financial
loss. And suppose you're smart enough to go and work for BigTech
pulling in $100k/pa. But instead you take a part time job making
$50k. You live on your wits while growing a business. If it doesn't
work out after 4 years you still "lost" $200k. But it doesn't feel so
bad. We chalk it up to "learning". That's what the University of Life
charges for a full time course on Applied Entrepreneurship.
I'm guessing a lot of HN readers are of a similar mind, and I try to
see the following your own map lifestyle that way. We all pay a lot
for the privilege of creative freedom and opportunity risk.
- CamperBob2 4y agoExactly. Don't think of it as a "loss," think of it as a "student loan." Now, losing $200K sounds like something you can benefit from in the long run (which you can, with enough introspection.). It's not as if you just went to Vegas and bet it all on black.
- johnward 4y agoBetting on black probably has a higher success rate than the average startup though.
- CamperBob2 4y agoYep, which is a reminder that it's easy to learn the wrong lesson from apparent success.