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How do founders who faced failure, and had to close their startup due to financial constraints, manage to cover their living expenses? (alien.top)

submitted 1 year ago by misfitzen@alien.top to c/entrepreneur@indiehackers.space

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How do founders who faced failure and had to close their startup financially support themselves? Usually, it takes a considerable amount of time to generate income from a new startup. Additionally, many employers are hesitant to hire former founders because they anticipate that these individuals might leave once their own startup stabilizes, or they may question the founders' skills, as perceived by recruiters.

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[–] CriticDanger@alien.top 1 points 1 year ago

Majority come from money or have family that would support them. Thats how they got into entrepreneurship in the first place, it allowed them to take on more risks.