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nilved | karma 2464 | avg karma 2.25 · 2014-03-02 03:54:20

> Committed all my savings and blood into it.

Whenever I read comments like this I get flashbacks to the people deriding the stupidity of the people who had 500k in Bitcoin on Mt. Gox.

reply

nilved | karma 2464 | avg karma 2.25 · 2014-03-02 04:00:02+00:00

You're misunderstanding. There's nothing wrong with risk and adventure but there is very much wrong with investing everything you own. Just as it's unwise to invest that much in Bitcoin, it's unwise to invest that much in your startup.

polarix | karma 658 | avg karma 2.14 · 2014-03-02 04:45:09

So... by that logic, risk and adventure is great, as long as the risk is not actually risky for you as an individual. Which rules out any meaningful risk whatsoever for 95% of americans.

nilved | karma 2464 | avg karma 2.25 · 2014-03-02 07:04:43+00:00

Yes indeed. That doesn't mean my logic is wrong, it in fact means it's consistent with reality!

fleitz | karma 12602 | avg karma 3.0 · 2014-03-02 04:04:34+00:00

Yeah putting your life savings into any one venture is generally a recipe for disaster