Re:Zombie Startups
by mindcrime on Monday March 11, 2013 @11:23PM
(#5359903)
because you can start one of those without risking savings and personal liability, but not a lifestyle business.
Why do you think so? There are quite few types of startups (web based SaaS businesses in particular) that can be built with a minimal investment, bootstrapped while working a $DAYJOB, and entail little personal liability. And creating an LLC as a shield against personal loss isn't terribly expensive either. I'd argue that most people who aren't living in outright poverty could make a reasonable stab at building a business 37 Signals style.
Why do you think so? There are quite few types of startups (web based SaaS businesses in particular) that can be built with a minimal investment, bootstrapped while working a $DAYJOB, and entail little personal liability. And creating an LLC as a shield against personal loss isn't terribly expensive either. I'd argue that most people who aren't living in outright poverty could make a reasonable stab at building a business 37 Signals style.