• 13igTyme@piefed.social
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      2 days ago

      My start up didn’t have a rich CEO with rich parents to save them when they fail.

      Step 1: already be rich.

      • Silver Needle@lemmy.ca
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        1 day ago

        I want to found literally anything.

        Step 1: already be rich.

        Now that this is settled, startups (or any company for that matter) require significant up-front capital. The gate is creating a company and not the point where a company fails. Most of the time lots of funds or not companies going to the dogs will just be liquidated instead of resuscitated.