[codegeek]

I have a different take on this. Yes, you need to have some minimum savings/emergency fund. However, I would say that you should focus more on your "employability" factor. If you are really good at your job and can always find a job, then don't worry about failing in a startup. You can always go back to a gig.

I would say don't just calculate safety net based on savings but also on your employability. Good luck.