As someone wanting to start a company but has ZERO safety net, I think about this often. I grew up poor and don’t have a circle of wealthy Friends & Family. If I fail, no one can bail me out or help support my kids. Taking risk is a privilege.https://twitter.com/orangebook_/status/1236296122739691523 …
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Replying to @AmandaMGoetz
I also think if you’re not willing to risk it, maybe you shouldn’t do it. Being bold isn’t for most and that’s ok.
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Replying to @theSamParr
not willing to risk not having healthcare and a home for my children makes me not “bold”?
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Replying to @AmandaMGoetz @theSamParr
Big difference between being bold and taking lifelong career damaging risks when you have a family. When startups fail if they are in high tech they might get a rescue but usually everyone takes years unless they are a great coder to find decent corporate jobs.
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Replying to @jbaksht @AmandaMGoetz
Uh, no, it’s literally the exact same thing.
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Replying to @theSamParr @AmandaMGoetz
Taking “bold” risks when you have the responsibility to clothe, feed, and shelter other people; you need to employ a much deeper calculus before you just jump off a cliff.
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A young founder can decide to eat ramen, dress simply, curtail extras in life, have roommates. A good parent has too much to risk to disappear from normal routine for a few years to “follow a dream”.
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Replying to @jbaksht @AmandaMGoetz
Correct. A good parent has too much to risk (they think). That’s my point. They’re unwilling to be bold and take a risk. But some other good parents will be willing. And that person is bold.
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Replying to @theSamParr @AmandaMGoetz
Maybe — sometimes bold is ruthlessly selfish or naive. Depends on the situation.
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Replying to @theSamParr @AmandaMGoetz
I have started (and mostly failed) as an entrepreneur and it stretched my wife & son. They see your strain and feel your success or failure. We have safety nets and I rebooted my career, but I have scars. I consider myself lucky. Most high growth startups fail. It’s just math.
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Replying to @jbaksht @AmandaMGoetz
I’m not talking about high growth startups. I’m talking anyone willing to start a business.
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