to this list I can add a few more reasons: A fairly strong potential for financial ruin; an amazing amount of personal drama; and deep strain on friendships among the founders.

After my last (also my first) company failed - my credit was heavily damaged (and after nearly 4 years it has yet to fully recover), repaying debt can take quite a long time (I spent the last 3.5 years working at a well paying corp job and I was only able to fully settle the debt early last year), and due to bad advice from a (very) expensive accountant the IRS was a thorn in my side for 2.5 years.

But, I'm about to do it again as the experience is amazing and a _fantastic_ education.