rish

I had this thought the other day - people talk about entrepreneurs taking risks but in most cases, there's no real risk

the risk is so negligible, it might as well be zero

real risk would blow our minds - it's unimaginable, incomprehensible

imagine free soloing El Cap or fighting on the frontlines of an active war zone, that's real risk

so out there that your brain rejects it entirely, that's real risk

almost none of us know what risk really is

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dev

building farcaster infra @ /neynar 🪐 | casting @ /rish

In some countries, incorporating a company is easy; in others, you must pay a lot of money upfront to start. For example, in the UK, you can incorporate a company for less than 100 EUR and do everything online, while in Spain, you will have to pay 3000 EUR upfront as a deposit, extra money for the paperwork, etc.  So, starting something in Spain is more expensive than in the UK. On top of that, in the UK, you don't have to pay any taxes if your company gets less than 90k pounds. In Spain, we don't have that. Thus, it is common in Spain to ask banks for money to start something, and when the company fails, they might be in real big trouble because they have to return all the money they don't have. Add to the mix that what you were saying about finding a job that quickly is not the same everywhere.

risk of losing everything due to pursuing entrepreneurship? If yes, what’s an example?

Risks are bound to geography and culture. Stating what you shared might be true for some of you, but not for the rest of the world. 

It is really important to take into account that in other countries, the risks of losing everything are quite high, and starting over might not be as easy as you have shared.