One of the biggest myths in startup-land is this idea that the pinnacle of startups is building a venture-scale company, backed by venture capital, growing exceptionally fast and being OK with high failure rates as a result; in other words, returning a significant amount of capital to an investor rather than any other outcome.

There is an honest trade-off between labour market protection and learning. If you have an extremely static labour market—like the high protection laws in France or Spain—you get stability, but you sacrifice learning. You pay a 'learning cost' for that 'stability dividend.'

When I was a journalist, you had to always have three sources, or they would not run the story. Now, according to 'sources', not even on-the-record, is good enough. Everyone wants to be first and often that leads to mistakes.

The sacrifice is perhaps a decade- and it's a total sacrifice- you may not see your kids, you may miss an entire cycle of your lives, but you're doing it to provide for them in the future in a way you never could if you were an employee.

Doing something which has a social purpose gives you the motivation to overcome the hurdles and obstacles that you will meet along the way. It gives you that inner strength when you're doing something and you know it's making a massive difference and a huge impact.