One other saying is: Get rich to get wealthy. If you can get enough in the bank to not worry about money, and at a young age that's not a whole lot, you can fo

One other saying is: Get rich to get wealthy. If you can get enough in the bank to not worry about money, and at a young age that's not a whole lot, you can focus on going for the homerun next time. A successful first time exit could be considered a "blank check" in this industry: a) You are secure. You don't need to worry about funds to pay yourself ramen money. b) You probably have enough to have people help you build a prototype, so that gets rid of the friends/family cash crunch. c) You've done it successfully before, so angels+VCs are much more likely to write you a check. d) You've done it successfully before, so people are likely to join your team. The equity you're offering has value due to past success ie- don't believe me? I've done it once and I made the last guys who believed in me make some damn good money