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[quote=Anonymous]I definitely know people who are doing this with dubious business plans. I think it's a fairly common exit from ibanking right now. I don't get the sense that it's easy to get financing in the millions, but there are enough angel investors out there that you can scare up 100-300k from wealthy doctors and lawyers who are just looking for "different" investments outside the market; I went to Wharton and we get angel investment emails ALL the time and I'm not even interested/involved in that world. So yeah -- a Chicago grad who is actively pursuing angel investments will find some. If you're single, 100-300k is enough to get by for a year or two even in Manhattan.

There are those who are committed to the businesses and working night and day to build them up to where they can get millions in financing, but for others, I think it is a "break" from work yet being to be somewhat professionally involved and call themselves a CEO is HUGE. The ones who don't come from money realize they will have to return to a job sometime, and they are more comfortable having ex-CEO of anything on their resume, than a 2 yr stretch of unemployment.

Plus I think everyone thinks they will be the next Facebook, LinkedIn etc.[/quote]

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