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I don't disagree with a single thing you said - but I do find some irony in the fact that this community for the most part is centered around startups - some ta
by elliottcarlson 14y ago
I don't disagree with a single thing you said - but I do find some irony in the fact that this community for the most part is centered around startups - some taking huge risks with either bootstrapped money, or angel money - and the failure rate is often estimated between 30% to 40%.
- SilasX 14y agoSure, and the "woe is me" rate is estimated between 0% and "why don't you fire up that bong again" -- much lower than that of the (formerly) wealthy students that gambled on an expensive education.
- pjscott 14y agoThe difference is who takes on the risk. With startup investment, the investors risk their money, and if the company dies, the investors take that loss. They do this because they can make a lot of money from the startups that make it big. With student loans, the risk lies with the student.
- 13rules 14y agoWith the number of government-backed education loans that are defaulted on, you could also say the risk lies with the taxpayers.