4 ms·
> The downside to failure is exceptionally low. It's all other people's money (at least in Silicon Valley) i always feel disgusted by this sort of attitude. su
by jheriko 13y ago
> The downside to failure is exceptionally low. It's all other people's money (at least in Silicon Valley)
i always feel disgusted by this sort of attitude. sure it mitigates risk, but as secular and reasoned as i like to think i am its just morally reprehensible as an attitude to take...
i treat other people's money with /more/ respect than my own. maybe thats just me being backwards.
always taken the attitude that if you need someone else's money to start then you aren't really ready to enter that business. maybe you should start a small business and build funds first... instead of taking a risk with other people's money when the sum total of your experience is approaching zero.
sure its their own fault for investing the money... but that doesn't make it easier for me to swallow.
i do not consider this irrationality to be a bad thing
- rdl 13y agoA professional investor would be more angry with you if you took $1mm, promised you were going to make a high-risk higher-reward investment, but then secretly invested it in something safe, returning him 150% of the original amount in ~5 years, instead of taking a 1% chance at $10k. This is why you take investment from professional investors on open and honest terms, not from people like "friends and family" who feel pressured to do so and may not be in a good position to accept the risk.