The cost of doing a startup has of course fallen over the last decade, but on the flip side, the cost of living has also shot up. Nowadays, you are likely to n

The cost of doing a startup has of course fallen over the last decade, but on the flip side, the cost of living has also shot up. Nowadays, you are likely to need more money than ever to to pay for your living accommodation, expenses, potentially large student debts, healthcare costs etc. For this reason, I would say that the personal risks are very real. The consequences for ending up flat broke can actually be quite serious and quite tough to get out of if you crash and burn and are not quickly able to find employment.