I've had four technical books published and I've finished writing my fifth which I'm in the midst of negotiation with publishers about distributing. I've seen many similar articles to this one before, but I want to complement the author by saying that this one rings the most true and is the most comprehensive of all of them. However, I want to emphasize a paragraph from his article, that I think needs more emphasis:…
I disagree. This is the case for anything entrepreneurial. Vast majority of ventures fail. Reward/Risk ratio (in finance we call it Sharpe ratio) generally equalises across the spectrum. That is there is no free lunch. You can choose an activity that has better odds of making money. But you will make leas money on average.
Pre-publication, the process consumes lots of time and energy and money while generating zero revenue, output, or other benefit. Very different from most business ventures.
Source: I have written a book, and have also started my own business and have worked for many startups. (VC-backed startups pay their employees.)