I think about outcomes rationally, but these days, I tend to think about opportunity cost a lot more intently. Sure, if you tank a startup, you likely lose only your investment, and you'll probably learn a lot. Problem is, you've also just spent N years of your life doing little but working like crazy.
If you're lucky, you've got about 80 years to enjoy on this planet. You've got about 15 of those as a young adult. How much are they worth?
(And just to pre-empt the obvious reply: yes, you might enjoy working more than anything else. If so, more power to you. I'm only saying that you've got to take opportunity cost into account.)
If you're lucky, you've got about 80 years to enjoy on this planet. You've got about 15 of those as a young adult. How much are they worth?
(And just to pre-empt the obvious reply: yes, you might enjoy working more than anything else. If so, more power to you. I'm only saying that you've got to take opportunity cost into account.)