• MasterBlaster@lemmy.world
    link
    fedilink
    arrow-up
    8
    arrow-down
    1
    ·
    8 days ago

    imagine you are 55vyo, jobless. pehaps you have almost enough savings to retire. now contemplate investing your remaining money into a startup, knowing the odds of success are low.

    taking that chance could land you homeless with greater probability than being moderately successful.

    • rekabis@lemmy.ca
      link
      fedilink
      arrow-up
      1
      arrow-down
      2
      ·
      8 days ago

      Who said anything about a startup?

      Tech is one of those industries where one can stand up a digital product with almost no resources aside from time and effort, a computer, and maybe a few bucks in hosting per month.

      And so what if a product gets you only a few hundred in recurring income per month… if you have a dozen or two wildly different ideas working for you, that adds up to several thousand a month.