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Maretus
@maretus.eth
Navigating Risk vs. Reward How do you decide when a risk is worth taking? Have you ever taken a big risk that paid off—or one that didn’t go as planned? I have done both. At 19, I took over ownership of a small franchise pizza restaurant. It was a good opportunity but it didn’t go as planned. The restaurant didn’t make money and I struggled to make ends meet. Ultimately, I sold it for a very small profit, but nothing for the time and effort put in. Then, in 2013, I quit my safe job to start a risky digital marketing company. We grew quickly and in 2014, a large competitor made a generous offer to buy out the company. I took that offer and I began working for them. Today, I am much more careful about taking risks. I’m almost 40 and my time is more valuable to me now. I will still take risks but the rewards must be outsized for me to really do so. Let’s talk about the toughest risks you’ve taken in life, what you learned from them, and how you weigh risk vs. reward in your decisions today.
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TaylorWebb.eth Ⓜ️🤘
@taylorwebb.eth
A big risk I took was leaving my stable job as a mechanical engineer to work in crypto full time as a dev in 2021. I went to school for ME and worked in the field for ~6 years at this point. So it was pretty scary to completely change career paths into software/blockchain when I had no professional experience, I was only self taught how to build smart contracts & web apps. While it was a scary move, I knew it was the right choice for me. I had been deep into crypto as a side interest for a while at this point, and strongly believed it was going to continue to grow, have a positive impact on the world, and had massive financial upside. So for me the biggest factor in making these tough high stakes decisions comes down to conviction. I had extremely strong conviction in blockchain tech at this time (still do ofc), and that was ultimately the deciding factor for me taking the leap.
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Tim
@cryptim.eth
that's a huge change, did you have a family at the time?
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TaylorWebb.eth Ⓜ️🤘
@taylorwebb.eth
I didn't! still don't, just a single guy haha
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Tim
@cryptim.eth
taking a big risk as a bachelor is a little easier decision, happy to hear it paid off!
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