> My very concrete feelings on this is that you probably don't.
The ones that do - and usually the few in this age group that succeed - are already independently wealthy from a combination of having a highly successful career and making good investments.
People that have $1M+ to fall back on - and can easily land another job making $400k+ - if things don't work out.
You don't see too many 35 year-olds with 3 kids and no savings starting Ubers.
Every once in a while you find an Elon Musk who already had plenty of money, and decided to start another business.
People with insignificant amounts of savings starting successful companies are almost exclusively in their teens or 20s.
Well, you definitely don’t see any smart ones doing that, and for good reasons.
Is it impossible with a stressful job, a bunch of kids, etc. and not being independently wealthy to do it?
Not necessarily, I guess?
It is definitely not a good idea, however, and it’s highly likely to implode one of those other areas of their life.
And frankly, it isn’t a good idea for the vast majority of independently wealthy folks either. The types of pressure and lack of structure in the environment can and does mess with peoples minds, and can encourage them to end up a lot less wealthy at the end.
If they’re particularly unlucky or mess up, even with expensive legal issues following them around.
The ones that do - and usually the few in this age group that succeed - are already independently wealthy from a combination of having a highly successful career and making good investments.
People that have $1M+ to fall back on - and can easily land another job making $400k+ - if things don't work out.
You don't see too many 35 year-olds with 3 kids and no savings starting Ubers.
Every once in a while you find an Elon Musk who already had plenty of money, and decided to start another business.
People with insignificant amounts of savings starting successful companies are almost exclusively in their teens or 20s.