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> This may be a subtle way that older founders are discriminated against. I would prefer to say that this is a way that younger founders are exploited. And, i
by ronaldx 13y ago
> This may be a subtle way that older founders are discriminated against.
I would prefer to say that this is a way that younger founders are exploited.
And, it illustrates a bigger problem:
If startup founders cannot afford to pay themselves a living salary, this limits startups to people who can comfortably afford to fail. (Essentially, the rich).
- BadassFractal 13y agoThis certainly rings true.
- jumbled 13y agoIsn't that how all businesses work these days, anyway? You can't start a business and expect to be able to support yourself until your business starts making money. This is only feasible if you are able to get into huge amounts of debt or if you already have plenty of resources (i.e, rich).
- ronaldx 13y agoIMHO Venture Capital is supposed to escape us from that type of ruin: that's where I would accept it to have some value.