Re:Silicon Valley's best kept secret: Founder liquidity
by Finbarr on Thursday June 13, 2024 @11:59AM
(#40671264)
Yes and optimism bias leads people to believe they won’t experience those negative events. Everyone must believe they are going to do better than the median outcome when they start a company.
On the flip side, though, any regular HN reader has likely seen dozens of accounts written by startup founders whose companies have failed. And there's quite a bit of overlap between the set of HN readers and the set of past, current, and likely-future startup founders.