datadataeverywhere comments on Open Thread, September 15-30, 2012 - Less Wrong

7 Post author: OpenThreadGuy 15 September 2012 04:41AM

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Comment author: datadataeverywhere 18 September 2012 02:04:12AM 1 point [-]

A little. As your income increases, I expect your consumption to become more expensive in monetary terms, but as your business grows I expect the value of your time to increase and for your consumption patterns to become less expensive in terms of time. College is very expensive in terms of time.

I'm not saying this is a bad choice, but it is one that surprises me. I'm still interested in the answers to my questions. Do you intend to sell your start-up, have it run itself, or abandon it? It seems like those options cover the gamut (I might consider requiring < 40 hours a week of your time to be "running itself"; if you're quite dedicated, you could probably fit being a full-time student in even with the start-up taking 40+ hours of your time, making that an alternative option).

Comment author: Jayson_Virissimo 18 September 2012 03:44:33AM 2 points [-]

A little. As your income increases, I expect your consumption to become more expensive in monetary terms, but as your business grows I expect the value of your time to increase and for your consumption patterns to become less expensive in terms of time. College is very expensive in terms of time.

Ah, I think I see the source of your confusion. If my start-up succeeds, then I plan to increase the time I spend doing it and schooling, since I currently work a full-time job and work on my start-up part-time.

The relevant options are full-time work/part-time entrepreneur or part-time school/full-time entrepreneur.

Comment author: datadataeverywhere 18 September 2012 04:00:32AM 1 point [-]

Indeed, I misinterpreted you in multiple ways. My model went something like "Jayson_Virissimo is currently working 60-80 hours a week on his start-up. Once it exceeds ramen-profitability, he intends to scale back his efforts to become a full-time student." How very foolish of me!