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I think most people are scrambling to find a stable source of income. Unless they have a quarter million dollars in cash, or a paid off house, the cost of livi
by epicureanideal 4y ago
I think most people are scrambling to find a stable source of income. Unless they have a quarter million dollars in cash, or a paid off house, the cost of living in major metro areas means they don't have the time and capital to start a startup with any reasonable chance of becoming profitable or raising money before they go bankrupt.
I can imagine the news will say "aha, see, there weren't really that many who were capable of being entrepreneurs who were working at FAANG", but really it's just the same old lack of access to capital, and if they did have capital many of them certainly would and could.