By the way, I have a very strong sense that this company will be successful. This is a health information technology firm in a niche with which I'm very familiar.
Would you hand over 100% of your paycheck to your investment advisor?
In this scenario, you're being asked to invest your time instead of money but really, it's the same question.
I've done several of these types of 'time investments.' Most have not worked out, one might.
I'm not too worried though because most of my time that was invested was 'extra time.' I basically traded some of my leisure for an opportunity to be part of something that might hit pay dirt.
These deals can be fun, but I don't think it makes sense for most people to work full time on them. It would be like putting 100% of your paycheck into your retirement account and finding money for groceries elsewhere but with a lot lower chance of paying out one day.
Dave
Answered 7 years ago
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