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Before a founder even gets to the point of evaluating a startup idea, determine the risk-reward calculus and assess whether you have the appetite to launch a new venture.
Key Learning: What's the Opportunity Cost?
Starting a startup is a big decision that requires an understanding of the challenges involved. Understanding your motivation will help you correctly calculate the opportunity cost.
Take Action: Leverage Your Network
Talk to people who know you well. What do they think about your entrepreneurial appetite? Meet other NYU entrepreneurs in the startup community to learn from peers.