Young Founders Can Be Dangerous Because They Have Little to Lose
Blair says younger entrepreneurs often have fewer mortgages, children, and fixed responsibilities, giving them unusual capacity to act and reinvest. He warns that fear of other people's opinions can make the downside feel larger than it really is.
- Social embarrassment should not dominate risk analysis
- Fewer fixed responsibilities can increase freedom to act
- A young founder can live cheaply and reinvest heavily
- The advantage disappears if outside opinions create imaginary stakes
“it is critical though to not worry about the opinions of others in your thought process”
“as an entrepreneur and a young entrepreneur it's like you should be the most deadly entrepreneur in the marketplace because you truly don't have anything…”