Value your time appropriately is good advice, but it does not exist in a vacuum-- the author is just working backwards here to post-justify his decision. If an

Value your time appropriately is good advice, but it does not exist in a vacuum-- the author is just working backwards here to post-justify his decision. If anyone actually used this logic (note the expectation of 4-9 failures per success that brings about this time valuation), they would be broke very damn quickly. Good luck getting funded the next time after 4+ failures.