> The problem is the paycheck. Do I want to risk it all, throw away my savings, all for a chance at success
Reading this, it feels better in India. Here I can work for 2 years in a good company, save enough to quit job and do something of my own for 3 years before needing money. (Lots of other stuffs are shitty in India, but this aspect is good)
That's awesome. I love hearing about how this scenario is for people in other countries.
Here in California, I don't think that's possible. Cost of living is too high to live for 3 years off of 2 years of savings. Maybe if you were very careful with spending and had a good rent situation, you might be able to do it.
If you are single and don't have children you can always leave CA for a few years, cut your expenses in half by living in a low COL area and come back if it doesn't work out.
Yup, that is a good point. I would definitely recommend anyone with the drive and interest in striking out on their own, do so in their early - mid 20's ... Move somewhere really cheap, and make it happen! You won't be able to do that (or it will be very difficult) once you find a partner because their career may be geographically restricted. Even more difficult if you have children.
You are actually luckier. If you live in California, please work there for 1 year, get your ass of that city/country and come live in a country where cost of living is lower :). That is provided you have the stomach for that and if you don't have family/kids. You can easily get Visa to almost any country and perhaps one month of California/SF salary is enough to live one year in a low cost place.
If moving away from a job is that easy in your country, it would definitely be more difficult to build stable business like the one you can build in states. People are here because you can achieve more here then elsewhere, they pay for this opportunity.
Reading this, it feels better in India. Here I can work for 2 years in a good company, save enough to quit job and do something of my own for 3 years before needing money. (Lots of other stuffs are shitty in India, but this aspect is good)