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by wpietri
1365 days ago
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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. |
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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.