101–110 of 194 posts
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The point is that people should avoid that path until universal healthcare is a thing, and we need to showcase more stories of life destroyed not feel-good stories that give you hope that the system is “fine”.
So I suppose most people should not start a company for the next 50 years?
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so basically you're saying it's ok to create positivity around a topic on a regular basis, but not negativity, even though the negative consequences happen more often than not?
And what do you aim to accomplish with that negativity? We all know the risks in everything. By educating me about the risk, you haven't accomplished anything. If you have ideas for how I can play the odds better and improve my success rate, I'm all ears. It's better to say look to each side of the road when you cross vs you're gonna die if you're not careful.
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Again, the upside is significantly higher if you start a company (financial independence is just one piece). It can be risky (see OP), but it's pretty rational to be a founder, especially if you can weather the adversity. I'm not even sure how my claims are controversial (especially here on HN, of all places).
Looking at upsides on their own is meaningless. The mega millions jackpot is currently at $550 Million dollars in cash. That doesn’t mean it’s a good idea to spend 2$ on a ticket. So sure, it’s possible to become a billionaire by writing books just look at J.K. Rawling. Hell someone got 10,000 bitcoins for the price of 2 pizza, which in theory are worth 366,790,000$ today. In the end the upside of being the founder i…
Which is why I've been mentioning "risks" in just about every post I've made. Which is why a big part of OP is how taxing and difficult it's been. Why is why we keep talking about how 9/10 businesses fail. There's no free lunch.
But my original point was that we already know this. So it's not particularly insightful to point it out on a forum almost exclusively dedicated to people working on startups.
Amazing story, glad you made it. Potential customer here, and I have a question. I'm a programmer, very happy making backends, setting up the infra, maintaining it, and so on. I often want to make web pages, but I just hate dealing the web front-end stack. Is this product a good fit for me? I could visually design the website, avoid getting my hands dirty with HTML/CSS/JS, then have an easy way to connect it with a b…
(Not OP) I know replying "seconded" is out of line with Hacker News guidelines, so I'll add that in addition to the above, I'm also curious about whether it can cooperate with any front-end frameworks
I have mixed feelings about this story. I applaud your resolve, and you have certainly had a tremendous amount of success that should be celebrated! But I can't help but think about the 9 founders of other companies that had the same resolve in the same situation, but things did not work out so well. All you other people thinking about going for broke need to be ready to hit bottom and build yourself back up afterwar…
There’s actually no “going back up” or digging yourself of your own grave once you hit a large medical expense. Lots of people become homeless and bankrupt for life due to these issues. Personally, my plan is to go back to Europe if I want to launch an American startup because there is no way I would do this without a good health insurance and good social safety nets. Interestingly, we see much more startups in the U…
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I was specifically talking about founders (but even early stage engineers can do extremely well if the startup takes off). The upside is much higher doing your own thing rather than working at BigCorp (the two aren't even remotely comparable, but neither is the risk). Not to mention the end goals/QOL of working on what you want, commanding your own ship, being financially independent, etc. Virtually all self-made mil…
You're making a giant logic error. It may well be true that most self-made millionaires started a company. It is certainly not true that most people who start companies become self-made millionaires, which was the premise of your original post.
I have mixed feelings about this story. I applaud your resolve, and you have certainly had a tremendous amount of success that should be celebrated! But I can't help but think about the 9 founders of other companies that had the same resolve in the same situation, but things did not work out so well. All you other people thinking about going for broke need to be ready to hit bottom and build yourself back up afterwar…
>I think this is why a lot of crazy big startups come from younger people, they can afford to go for broke before they have a family and other obligations, because the worst that can happen is they are left with nothing, then they settle for a high-paying job at a big tech company and 2 months later they can afford a new car. This really isn't true. The average age of a successful entrepreneur is 45.
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Again, the upside is significantly higher if you start a company (financial independence is just one piece). It can be risky (see OP), but it's pretty rational to be a founder, especially if you can weather the adversity. I'm not even sure how my claims are controversial (especially here on HN, of all places).
Looking at upsides on their own is meaningless. The mega millions jackpot is currently at $550 Million dollars in cash. That doesn’t mean it’s a good idea to spend 2$ on a ticket. So sure, it’s possible to become a billionaire by writing books just look at J.K. Rawling. Hell someone got 10,000 bitcoins for the price of 2 pizza, which in theory are worth 366,790,000$ today. In the end the upside of being the founder i…
Accounting for taxes ruins it a bit, but once the jackpot gets high enough it's dumb not to buy a ticket.
I'm glad to see the news that this is providing employment opportunities for a lot of people. That's very much something we need to hear more of in a world that has long harped on how automation is taking away jobs and high unemployment is the wave of the future.
This was a good read. Thanks for posting it.