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Regardless of her particularities, I believe this is a risk all startups take. Profits are privatized, why should their losses be socialized? > The financial f
by nateb2022 4y ago
Regardless of her particularities, I believe this is a risk all startups take. Profits are privatized, why should their losses be socialized?
> The financial future of my company, team and family are at risk w/ the collapse of SVB
This is a risk she took when she quit her perfectly well paying job:
> My husband and I ran the numbers. Even though I was an equal wage-earner to him, I could quit my job and write the first $10K check to start Strongsuit. We could cover 18 months of no income from me. It was a huge bet for us. It had to work.
With current levels of inflation, I doubt anyone in the bottom 50% of Americans have anywhere near $10k liquidity. Nor would I expect anyone in the bottom 70% to have enough savings to be able to live for 18 months without income.
Is it fair to have them bear the financial burden of repaying your entrepreneurial losses?