I'm not the above poster, but to me the desire to maintain a high standard of living when starting a business for the first time either means someone has a ton of money in reserve or they aren't very serious about starting a business. Now I can partially understand the situation if someone is buying a franchise or some existing business that will almost certainly have revenue from the start, but many of the tech business ideas discussed on HN require a fair amount of R&D before there's any revenue. For a first time entrepreneur I'm not sure 1 year is enough time to get up to speed and learn from mistakes.
OP here. Yes I have 5 years worth of expenses covered in liquid savings. My target is to make enough income to break even with my personal expenses before I run out of savings.
