Comment by menaerus
5 months ago
Sounds like a nightmare and a good way to go into personal bankruptcy. Unless, I guess, you had a job where you accumulated ~M of savings, which is very very few people.
5 months ago
Sounds like a nightmare and a good way to go into personal bankruptcy. Unless, I guess, you had a job where you accumulated ~M of savings, which is very very few people.
Sure, but in some cases it's also a great way to become very very wealthy.
It entirely depends on your personality and circumstances, it's certainly not for everyone.
> Sure, but in some cases it's also a great way to become very very wealthy.
In very very very few cases, sure. Also, the wealth isn't the only or at least not the biggest motivator for many people trying to build their startups. But I get it - my money my rules disguised under show me how motivated you are to carry this through.
Sure, agreed though a larger percentage of VC funded startups exit than you probably think. Those "90% fail" stats are made up mostly by people who got traditional angel investment or no investment at all.
I'm just saying there's two sides to the coin, that's all.
I think there's a very genuine element of 'show me how motivated you are' you also cannot expect to get a normal standard rate company salary when you own most of the equity and aren't profitable. I think it's reasonable on balance.
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