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The founders I've known were already wealthy when they decided to do a startup. They aren't at risk because even if the startup falls through without making a c
by saulrh 2y ago
The founders I've known were already wealthy when they decided to do a startup. They aren't at risk because even if the startup falls through without making a cent they have enough money in their bank account to withdraw $200k/year for thirty years. There's no risk there.
- bux93 2y agoMost can even file for personal bankruptcy and then lounge around in their parent's home for a bit. (Or a house in the name of their spouse-with-a-prenup.) My parents didn't have a garage for me to found a business in. When people helpfully suggest, why don't you start your own business, they usually have a substantially bigger than average support network and liquidity to begin with. I never get those suggestions from people who've actually experienced hardship due to job loss or financial stress.
- FactKnower69 2y agoWhy, simply pawn some of Father's apartheid emeralds to Tiffany's, why didn't any of you lazy imbeciles ever think of that?