Don't be afraid. Go for it. I did.
Don't be afraid. Go for it. I did.
I've nothing against startup + family. It's startup + full time job that I think is a bad idea, and adding a family makes it worse.
Here's the article about O'Reilly:
http://www.wired.com/wired/archive/13.10/oreilly.html
It's fuzzy on the timing, and I guess my memory is off, but it seems as if his company was his job at that point, but it still hadn't hit the big time.
Yes, it's an unfortunate position to be in. You are at a huge disadvantage. But the answer isn't 'don't do it' - which, without other options, roughly equates to 'give up'.
But what I'm saying is that once an adult has defined success for themselves and decided that they want to start a startup, and are willing to pay the price for it, it's not our place to judge the risk as not worth it.
That said, I think it's totally appropriate to judge someone who makes such a foolish decision (i.e. pursuing a startup when you have no savings and little time) when children are involved.