> However, by going full time on a project you increase its chances of success significantly.
Yes, you do increase the project's chances of "success" significantly. You don't, however, increase your chances of success. Instead, you increase your chances of failure and decrease your chances of significant success.
The reason is because odds are, you've chosen the wrong project. Also, as things inevitably go wrong, if you don't have a cushion you're greatly increasing your chances of failure.
> What you describe is the no-risk route.
There is still risk in putting time and/or money into a project part time. Also, even if your project has traction there will still be a lot of risk in going at it full time.
I think the opposite of what I'm describing is not even the high risk route, it's the gambling route. You get more of a rush but it's not wise to do and generally ends badly.
> I'd argue that it is very hard to determine that an idea (including successive iterations) will not lead to a successful internet company till you go full time on it.
I disagree. I think you should assume odds are very high that the idea will not lead to a successful internet company, UNLESS you have good traction when you go full time on it.
Yes, you do increase the project's chances of "success" significantly. You don't, however, increase your chances of success. Instead, you increase your chances of failure and decrease your chances of significant success.
The reason is because odds are, you've chosen the wrong project. Also, as things inevitably go wrong, if you don't have a cushion you're greatly increasing your chances of failure.
> What you describe is the no-risk route.
There is still risk in putting time and/or money into a project part time. Also, even if your project has traction there will still be a lot of risk in going at it full time.
I think the opposite of what I'm describing is not even the high risk route, it's the gambling route. You get more of a rush but it's not wise to do and generally ends badly.
> I'd argue that it is very hard to determine that an idea (including successive iterations) will not lead to a successful internet company till you go full time on it.
I disagree. I think you should assume odds are very high that the idea will not lead to a successful internet company, UNLESS you have good traction when you go full time on it.