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by fibonacc 1364 days ago
honestly if you have to ask this question and you can't think of actions to take by yourself, i question whether you are cut out for startup, its super risky and you seem risk adverse not only from asking the question.

i would recommend just keep looking at how to make sales. without customers you don't have a business.

2 comments

That's absurd. Are startups risky? Yes. But it's about calculated risk. For example, you don't just start a company and say, "Fuck paying taxes, because who cares about the risk that the IRS will find me."

A founder should take a fair bit of risk in terms of product and market, and manage that aggressively. But for things that can be done in a safe, standard way, by all means do that. E.g., you should pick the state and type of legal entity with absolute minimum risk that investors will have questions. You should also choose boring technology except to the extent that you need to do something risky to make the business work. Etc, etc.

> That's absurd. Are startups risky?

98% failure rate seems not only risky but reckless.

> "Fuck paying taxes, because who cares about the risk that the IRS will find me."

cheating the IRS has 100% failure rate unless you are in a position of power and wealth.

Not only is it necessary to know something is risky but to understand as so is key.

Why are you shaming someone for asking for advice? This is literally the thing they thought of by themselves to do as a start. Polling for opinion and advice is a perfectly reasonable skill in business and life. They already identified risking IP starting a company is a big risk to avoid. They seem on the right path to me.