Is launching a venture with a roughly 95% chance of failure worth it?
It will be starting my first non-wage potential income source.
It's website for a niche market with almost no competition.
I've already put almost all the hours in, now I just need to burn $200 to do the final steps.
I'm contemplating mostly doing it just to take the first step and get the small amount of experience that there will be in it.
Should I take the leap?
Don't put so much value on your money, you'll never get anywhere if you don't take risks.
200 isn't a huge loss if you look at it over a period of time. You'll make more than that in 2 weeks at mcdonalds.
So what are you actually asking? Get a better job and do better research until you know your investment isn't "really like totally big!"
Any idiot these days can just sell his product before actually making it. And you're a kid as well, so it's that much easier. The only way I can possibly see it ever being hard to round up 200 for a business "venture" is if your idea is so fucking trash that people would pay you to shut up about it and let it go
>roughly 95% chance of failure
YOU KNOW NOTHING ABOUT STATISTICS
I'm so tired of idiots that attribute chances to events they have no data about. Just because 95% of people fail does NOT mean YOU have a 95% chance of failure. Starting businesses is not like gambling. Outcomes are not i.i.d.