You can recognize the Bad Investor Bird by its distinctive call, "Who else is investing?"
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That's definitely wrong. If you don't have some savings to throw into a business that you believe in, you ain't gonna make it.
I didn't have any savings when we started Viaweb, and we made it.
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See also: Airbnb, Facebook, like...half the people in Founders at Work (as well PG knows)
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Every good rule has exceptions. Successful founders are exceptional. You might even be more exceptional than that.
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My net worth was negative $50k in 1999 and I was basically crashing at someone's house and eating as cheaply as possible in Mt View (can still tell you the price of certain dishes at cheap restaurants). We made it. Investing time is a bigger sacrifice than investing $
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I would imagine if you had money you would have invested but then now a days what really is savings account but really what is saving account for a founder. It is all in or you out.
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