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This is actually the exact opposite of what I thought. To me people with families will take less risk. Extra pressure and time constraints put by supporting the
by fmavituna 14y ago
This is actually the exact opposite of what I thought. To me people with families will take less risk. Extra pressure and time constraints put by supporting the family will cause bad judgement (putting cash flow before long term success, focusing to consultancy to survive etc.)
Not to mention in my experience many geeks will fail under money pressure rather than flourish when it comes to developing a project.
- bad_user 14y agoBad judgment can happen on either side. Being cash flow positive means you can survive for as long as you want and you don't have to depend so much on investments, which are a ticking time bomb. Investments should be taken for quick growth, but if you depend on investments for survival, or if you don't actually need quick growth, then you're fucked.
- flyinRyan 14y ago>To me people with families will take less risk. But to me, this is the biggest myth of all: starting a business has risks to be sure. As does planning your career path in the corporate world. Your skill could get automated or outsourced. You could get cut at a critical point in your career. There is no "safe" path these days. There are paths that seem to have less risk, but you can approach business in a way that limits your exposure easier than you can do that with a job (most jobs require an investment of 40+ hours per week). I think Patio is an example of this.