3 ms·
I can't track down the source of the quote (thought it was Noland Bushnell), but "You aren't an entrepreneur until you've made a payroll out of your own pocket"
by hga 12y ago
I can't track down the source of the quote (thought it was Noland Bushnell), but "You aren't an entrepreneur until you've made a payroll out of your own pocket".
Interesting, but not surprising, to know that scientists are known to have done this.
- Fomite 12y agoThe problem being that they don't get an equity stake in anything in return. There's no upside potential.
- hga 12y agoThe upside is continuity of operations. The ability of your lab to continue doing work is no small thing. Also, I'm pretty sure it's assumed that's structured as a loan.
- Fomite 12y agoI meant a financial upside, in contrast to entrepreneurs. And it's definitely not structured as a loan. You forego your summer salary, its gone. All you've done is chosen not to pay yourself.
- deleted 12y ago[deleted]