Re:Wells Fargo to pay $3.7B settling charges it wrongfully s...
by saagarjha on Tuesday December 20, 2022 @06:39PM
(#34074505)
I mean, you already probably know this, but the risk profile of a startup that fails is not that you keep your money constant. It’s that you’ve been spending it all on rent and utilities for the last 7 years and have nothing to show for it. You’re still gambling away your savings, at a much slower and controlled rate, and the house at least doesn’t have the advantage over you, but it’s still incomparable to the risk profile of a 9-to-5.
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Re:Wells Fargo to pay $3.7B settling charges it wrongfully s...
by dvt on Tuesday December 20, 2022 @06:46PM
(#34074598)
Yep, a 9-5 has no risk, but no upside. In my humble opinion, a startup provides the best "balance" between risk and upside for those of us that come from lower or lower-middle class. I think your 7-year example is a bit contrived, since (barring exceptions like biotech, space, etc.) if you're working on a project for more than 6 months without product-market fit and/or growth, you're doing something wrong.
Re:Wells Fargo to pay $3.7B settling charges it wrongfully s...
by citizenpaul on Wednesday December 21, 2022 @12:28PM
(#34083595)
I think think that is borderline dangerous advice. Most people don't have the mindset or proper understanding of the startup world. On avg if you enter the startup space you are going to get chewed up and spit out and find yourself looking in the mirror at a middle age face with nothing to show for a lifetime of work.