And yet it is a concentration risk that most founders choose. Founder's investment to start bootstrapped is often opportunity cost of time (years of work inste

And yet it is a concentration risk that most founders choose. Founder's investment to start bootstrapped is often opportunity cost of time (years of work instead of earning salary). Maybe some cash invested too. Or with VC, after years of work a founder's biggest asset is the common shares that are worth $0 if company folds.