Founding a funded startup which doesn’t work out largely does not and should not irreversibly damage the founders’ finances. We should stop implying this is routine and stop valorizing courses of action which increase likelihood of it happening, like not taking salary.
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“Is this different for bootstrappers?” Complicated, but very important to realize that when you sold 10%+ of your future outcomes to professional investors one of the things they were very explicitly buying was 100% of the downside risk.
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