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There's an old aphorism that goes something like "don't get loans from family". I consider people worth calling friends to be similar to family. I also don't h
by geuis 3y ago
There's an old aphorism that goes something like "don't get loans from family".
I consider people worth calling friends to be similar to family. I also don't have close family connections at that level. Guess that means I put more importance on friendship.
I've had the experience one time of cofounding a company with a friend. It didn't end badly, but it wasn't ideal. I realized pretty quickly I was going to be solely responsible for actually building the product. My partner was a great designer and actually had the business knowledge. To be completely honest we could have made something of it but I wasn't in the right place at the time to deep dive. Probably should have carried through with it. We'd likely be the biggest site to basically do Airbnb for cinema rental locations today. Again, I only say that because he had the connections to make that happen. Not something I could have done on my own
I guess I don't have any specific advice, other than general history.
If you and your friend are highly aligned then make a go of it. But on the contrary, Steve, Steve, and the other cofounders didn't agree. One backed out, and Apple became what it is now. Woz and the rest are $$$$$$$$$$$ aires.
In the end we all die. How do you want to think about your life in 10-20-40 years? Did you build anything? Are you ok with not having a big impact? Depends on you.
- saiya-jin 3y agoAnother one - if you want to lose a friend, lend him/her some money
- smeej 3y agoI made a rule a long time ago not to lend money to friends or family. If I have the money and they need it, I'm usually willing to give them the money, and if they choose to give it back later, I'll be appreciative, but putting that expectation on it seems to be a good way to ruin relationships. I've also learned the hard way never to hire friends, even for short-term projects like fixing a plumbing problem when the friend works professionally as a handyman. There's always a difference between the expectation of a person hiring someone to do a job, and the person doing the job, and none of it is worth ruining a friendship over.
- marklubi 3y agoI won't "loan" (give) any friends more than a couple hundred dollars. It might be couched as a loan, but I will never ask for it back... Whether they pay me back or not makes for an interesting measure of the friendship.