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Yes 100% this, there are lots of people with the same ambitions as the OP, but they aren't getting 600k checks for an idea. They're building companies on side,
by JamesBarney 3y ago
Yes 100% this, there are lots of people with the same ambitions as the OP, but they aren't getting 600k checks for an idea. They're building companies on side, savings, or with a little help from family or friends.
- tptacek 3y agoIt's not really a moral issue or even a competitive issue, it's just that the math for an investment has to work out, and the math for all these equity investments from strangers is that you have an X% shot at an outsized return, not an X+Y% shot at an ordinary return.
- JamesBarney 3y ago100% agree. A company that is trying to hit a billion in ARR is not 1000x less like to fail than one that is trying to make a million in ARR. I just meant there are people trying to achieve his goal (of building a small SaaS), but they are unable to do it in the same way that he wants to achieve his goal (raising 600k on an idea).