I've seen good points on all sides of this debate. What I think hasn't been emphasized enough is that one goal/philosophy does not preclude the other. You can do both. For example, you can first aim to make a small exit, and/or a small recurring revenue from a lifestyle business, then, move on to try a larger exit, or add additional revenue streams. I do think the "let's go for a huge exit, and change the world!" on one's very first attempt, especialy if you come from humble financial background, or have significant financial dependents, is probably not wise, in the general case. You should crawl before you walk before you run. Plus if you are going to fail, don't let anybody kid you into thinking it's better to fail using millions of dollars of other people's money than to fail with just a few hundred of your own. It's nice to have the ability to quietly bury your mistakes. You still get the upside of learning from them, but with less of the downside.
Side note: Ack, just got bitten by the "Unknown or expired link" flaw with HN. Paul, man, what is with that? Bad user experience. Don't tase my flow, bro! :)
Side note: Ack, just got bitten by the "Unknown or expired link" flaw with HN. Paul, man, what is with that? Bad user experience. Don't tase my flow, bro! :)