Risk does not necessarily mean financial risk. There's a lot more being risked doing a startup than cash, and those things should be pretty obvious, though maybe not everyone sees them as risks. I can think of a few and I've never done a startup. Reputation, mental health, credibility, friends and business associates, future job prospects, legal risks, etc. Fuck up a startup bad enough and even if you have millions in the bank you could have lost all of the things I just listed.
Call me a dreamer but losing the things I mentioned is worse than losing money, which would be the same experience for both rich and poor people, since they have absolutely nothing to do with a number in a ledger.
Comments
Risk does not necessarily mean financial risk. There's a lot more being risked doing a startup than cash, and those things should be pretty obvious, though maybe not everyone sees them as risks. I can think of a few and I've never done a startup. Reputation, mental health, credibility, friends and business associates, future job prospects, legal risks, etc. Fuck up a startup bad enough and even if you have millions in the bank you could have lost all of the things I just listed.
Of all of the things you mentioned, rich people have much less risk comparatively than a poor person in the exact same situation
Call me a dreamer but losing the things I mentioned is worse than losing money, which would be the same experience for both rich and poor people, since they have absolutely nothing to do with a number in a ledger.
Or just a poor person in their daily life.