The role of safety nets in encouraging entrepreneurship is often underestimated. It& #39;s almost impossible to think about building a business that might take years to be profitable when you& #39;re living paycheck to paycheck. Hard to invest long-term in yourself in skill building too. https://twitter.com/bencasselman/status/1298981302016778241">https://twitter.com/bencassel...

2/ the vast majority of entrepreneurs building growth companies have a personal safety net beyond the government& #39;s. It needn& #39;t be $1m in the bank. It might just be parents you know you could move back in with - no fear of losing shelter and food.

3/ for myself - leaving University of Chicago to launch BlockTower was an extreme financial risk. But...it didn& #39;t feel that way. Aside from some small personal savings, I knew my family wouldn& #39;t let me go hungry, and I had a resume that meant I could find some job, even if not

4/ as good as the one I was leaving. So while I was taking financial risk as an entrepreneur, I wasn& #39;t taking the risk of going hungry, or ending up on the street, or being unable to provide basic support to dependents. That let me think long-term.

5/ Have to wonder how many people smarter and more capable than me have chosen not to take similar leaps because they lacked my safety net. How many would-be Amazons were never created because someone wouldn& #39;t give up their family& #39;s employer provided health insurance.