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by komali2 282 days ago
> Most startups fail.

So, where's the risk? You still just were working anyway, pulling a salary from someone else's bank account for a couple years. And now you have "Founder" or "Founding Engineer" or "CEO" or "CTO" on your resume. So you didn't have a good exit. So what?
1 comments
scubbo 281 days ago
> pulling a salary from someone else's bank account for a couple years

We have a difference of understanding of what "startup" and "failure" mean. I'm not just saying "most startups don't have an exit event" - I'm saying "most startups make negligible money (either through revenue or investment), so the founders are taking a loss the whole time they're working".

If that's not correct, then a) I need to update my mental model of the whole situation, and b) thank you for bringing it to my attention!

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komali2 281 days ago
Ah well we must just know different folks. Every startup I've been aware of in my personal life was a weekend project amongst people who kept their day job, until they could get into yc or something, and then get to a seed round. The only self funded quit your day job startup I know of in my personal life is the restaurant I opened and closed within a span of a year. Learned my lesson!
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scubbo 280 days ago
Genuinely astonishing - and I mean that literally, not pejoratively. Thanks for this perspective. I do know myself to be very risk-averse and pessimistic, and undoing that mindset is a personal project at the moment. Thanks for these anecdata, it's helpful to be reminded that real people can and do succeed there.
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komali2 279 days ago
For some more anecdata, I just had another potential new client call in to my co-op wanting to spec out an MVP that they can farm around to investors to get seed funding. He said him and his partners are keeping their day jobs for now. These kinds of projects in my experience usually cost 5-20k USD of self funded money, so of course not nothing, but well within the range of a couple working professionals pooling their money.

If they can't get funding off the MVP then yes they're 20k in the hole, but at least they were working in the meantime.

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