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IMO, if you’re burnt out I am not sure that’s the best time to take on a risky endeavor. Taking risks means dealing with a greater chance of failure, regardless
by nis0s 2y ago
IMO, if you’re burnt out I am not sure that’s the best time to take on a risky endeavor. Taking risks means dealing with a greater chance of failure, regardless of how calculated that risk may be. I don’t think one can reason about failure well if they’re emotionally and physically exhausted.
If your $1M isn’t a loan, like from a retirement account or similar, my suggestion is to park it in a high yield, low risk investment while you recuperate from burnout. If you put it in a savings account with a high interest rate, for example, you could even draw monthly compounded interest as income, precluding the need for a job, if you manage your expenses well.
In the meantime you can decide on your next venture. But I think your Ask HN is a little misguided, tbh. No one takes on a risky thing and sticks with it unless they have a reason to do it. What’s your reason, what do you care about?
If you ask what you’re passionate about, you’ll come up with a problem space to search for either an investment opportunity or startup idea. If you’re a solo founder, $1M is enough to sustain you while you tinker, pivot etc. Just don’t outlive your income.
If you’re looking to invest without doing anything yourself, go to any AI/ML or robotics conference and look for startups or founders you’d like to invest in. For example, I once met people from a company making neurotech devices for astronauts. There’s a lot out there, I suggest reading MIT Tech Review to get an idea.