In the end, you just need to place enough bets without going all-in. If you go all in, you always have an extreme event of losing it all and starting from scratch.
90% of the people should not go into startups but just build an SMB. Who cares about $1B outcomes? Get freedom first, then swing for the fences.
EDIT: After reading several comments on bad mental health and going into debt. There is nothing glorifying in poverty and mental illness. Take care of yourself. Knowing when to quit is as important as when to persevere. But I wish everyone a good, calm and balanced life rather than being on both ends of the extreme. Perhaps its time to celebrate mediocrity?
In the end, you just need to place enough bets without going all-in. If you go all in, you always have an extreme event of losing it all and starting from scratch.
90% of the people should not go into startups but just build an SMB. Who cares about $1B outcomes? Get freedom first, then swing for the fences.
EDIT: After reading several comments on bad mental health and going into debt. There is nothing glorifying in poverty and mental illness. Take care of yourself. Knowing when to quit is as important as when to persevere. But I wish everyone a good, calm and balanced life rather than being on both ends of the extreme. Perhaps its time to celebrate mediocrity?