Comment on Investing in Startups by Passing the Series 65parentComments−cortesoft4yThis is probably smart. Running a startup is stressful enough without worrying that you are risking your friends and family's life savings.−sanderjd4yOn the other hand, this is how Warren Buffett got his start, and (from his biography Snowball) it seems to have been a strong motivator for him.−cortesoft4yYes, someone wins the lottery. I don't think we should use that as evidence that playing the lottery is a smart financial decision.−sanderjd4yI agree. Just pointing out an alternative viewpoint, but I kept thinking while reading the biography that his path to the top was risky and stressful.
Comments
This is probably smart. Running a startup is stressful enough without worrying that you are risking your friends and family's life savings.
On the other hand, this is how Warren Buffett got his start, and (from his biography Snowball) it seems to have been a strong motivator for him.
Yes, someone wins the lottery. I don't think we should use that as evidence that playing the lottery is a smart financial decision.
I agree. Just pointing out an alternative viewpoint, but I kept thinking while reading the biography that his path to the top was risky and stressful.