Startups, A Rich Man’s GamePosted: February 8, 2015
Despite the Silicon Valley echo chamber, starting a company remains easily among the most risky career moves for workers. The stress of the job can easily lead to burnout or long-lasting mental health issues. Failures, despite being lauded in some corners, still too often harm a founder’s future career prospects.
But the greatest risk of building a new company is almost certainly financial. In addition to the opportunity cost of lost wages working on a startup, there is the serious burden of fueling a company’s early expenses before an accelerator or venture capitalist comes in and drops some capital. It is a common form of founder braggadocio to talk about the $20,000 credit card debt that they are carrying to see their dream come to life.
The kerfuffle over the Crunchies this week was just the latest episode of a long fight over access to entrepreneurship. So far, that…
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