Sam Parr  ⚪️

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.

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”.

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.

Maybe — sometimes bold is ruthlessly selfish or naive. Depends on the situation.

I agree

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.

I’m not talking about high growth startups. I’m talking anyone willing to start a business.

Any business better have a sharpe ratio worth pursuing (risk reward optimized). If it is a “passion” or low scale business it probably is not worth it.