[omegant]

I agree with that, but that´s true anywhere in the world. In Spain if your company fails you may be personally liable of the debt. Recently a bank removed 3000€ from my grandmother account because of a debt dated from 1993 of my deceased grandfather´s company. My grandmother is 97 years old, and the funniest part is that debt was settled long ago. Also if you fail nobody is going to trust in you any more, you are done.

I know that SV is not the golden city that this articles paint, but it is way ahead when we speak of entrepreneurship and startups.

[kybernetyk]

> Also if you fail nobody is going to trust in you any more, you are done.

It's the same in Germany. If you fail with a business you are on the same level of a criminal to many people. I don't care about being jobless (because I know how to scrub together at least 1000 Euros every month). But the "failed business" stigma is really what inhibits entrepreneurship here.

[brazzy]

My point was not so much about SV but about the "can do attitude" - when taken too far it will have you go deeper into debt and chasing pipe dreams rather than cut your losses. It can kill good companies too, if it leads you to ignore risks.

[omegant]

Yes I agree that jumping to start a project without some planning can be devastating. I can´t find the PG essay where he talks about minimize expenses and try to have infinite runway, but after one year and a half of entrepreneurship that is the way I going to try next (first I have to fail this one ;) )