Yes a lot of people never even try their venture because they cannot afford the risk. In my wife’s family, for example, an early and bad business venture by her father nearly bankrupted the family, and created a fissure between the parents when the mother felt he’d risked their well being. To this day they aren’t over it.
By contrast, take my old coworker who married into wealth, had a baby, and then launched a startup. He knew damn well his kid would be okay thanks to Grandma and Grandaddy Warbucks. He pissed away three years and then gave it up. A lot of guys in his situation would have been sweating some job just to keep their family afloat. And his failed business was called a brace adventure and learning experience. No family fissure there.
Yes a lot of people never even try their venture because they cannot afford the risk. In my wife’s family, for example, an early and bad business venture by her father nearly bankrupted the family, and created a fissure between the parents when the mother felt he’d risked their well being. To this day they aren’t over it.
By contrast, take my old coworker who married into wealth, had a baby, and then launched a startup. He knew damn well his kid would be okay thanks to Grandma and Grandaddy Warbucks. He pissed away three years and then gave it up. A lot of guys in his situation would have been sweating some job just to keep their family afloat. And his failed business was called a brace adventure and learning experience. No family fissure there.