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Luckily people who know better are allowed to found companies and compete with them. I look forward to large companies with several levels of clueless execs going under, especially because I'll still be here to pick up the pieces in exchange for a tidy sum.

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They are, but right now it's a hard sell with VCs

Yeah. I would recommend everyone to budget for being able to "weather a storm" for a few years regardless of what they do. If you have liabilities requiring you to maintain your current income indefinitely then you need to fix that. Personally I sleep at night knowing I could take a 33% pay cut tomorrow and not even make any lifestyle changes, let alone struggle with any liabilities.

Live way below your means. Be Stoic.

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