Given your age and experience you have NOHTING to loose. Experiment. Fail. Learn. Succeed.
One of my all-time favorite sayings is by Mark Twain: "A man holding a cat by the tail learns something he can learn no other way".
If you think you understand startups enough to risk $1,000, by all means, do it! You will learn something regardless of the outcome. And, frankly, at your age, if you are intelligent about it there are virtually no negatives.