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by pageald 2832 days ago
There is lots of truth to this, but it's not that hard to save up for 6 to 24 months of expenses on an engineer's salary, assuming you are living within your means. Dependents complicate the situation, but don't make it impossible.
1 comments

Saving 6 to 24 months of expenses is not hard (just time consuming), but risking a life's savings for one shot at business success is not a risk most people have the luxury of taking.

I can't risk my savings on a startup, because running out of savings means homelessness and hunger. Even without dependents, many people don't have parents willing or in a position to be the guarantor of such an investment.

The other part is, if/when you fail....

You now have a gap of unemployment. How does your next employer see that? I know a common tactic in IT is that you're a "consultant" when unemployed. Hiring managers see through that readily.

So what then? You have a failed business, unemployed, and take a pay cut on your next job... all for the hopes that you might, just might strike it rich?

Again, this situation doesn't apply for those with well monied family and significant connections.

It's not a gap, you were starting a business. That is really hard and provides a lot of valuable experience along the way. Maybe just be honest about what you were doing?
Part of a business plan, is an exit strategy. If yours leaves you homeless, you messed up very badly. Hyperbole does not help here.
Few hiring managers in SV see it as a bad thing that you took time off to start a company, assuming it was a serious effort.