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TLDR: money takes away the risk. When it's all upside, there is no risk, it's just a distribution of possible upsides.
by danielmarkbruce 3y ago
TLDR: money takes away the risk. When it's all upside, there is no risk, it's just a distribution of possible upsides.
- wing-_-nuts 3y agoYep, and it's made me reconsider my conservative risk tolerance now that I'm finally financially independent. I'm not sure if I should 'swing for the fences' or 'take a knee and run out the clock'. Probably the latter. I'm not sure I'm hungry enough to put up with a startup in my 40's.
- em-bee 3y agoaccording to statistics, many successful startups are by people in their 40s. ok, so if you are not hungry enough, that's fine, but i think being financially independent at 40 seems to be the best time to throw yourself into a startup. since you are already financially secure you don't have to overwork yourself, but you can take it a bit slower.