So, in 2007, Mastronuzzi rolled his 401(k) into startup funding for his new relationship-focused dating website, One Good "Working at Match.com, I knew the online dating space.We knew our product could make a meaningful impact in the recruiting space, and it was worth the risk of using ROBS funding." Smith and Hendrickson trusted their great idea, and so far, it's paid off.Shortly after debuting their product, the company was offered multiple seven-figure acquisition deals.They're worried you're giving up your safety net and risking your retirement money," Jamerson said."Although we have our good and bad days, we believe every day working for ourselves is better than the best day working for someone else." Believe in Yourself Being willing to take risks is what makes a good entrepreneur.This doesn't mean, however, using their savings didn't come without risks.
You need to really and truly believe in yourself, your vision, and your business. You should only take what you can afford to lose," Mastronuzzi said.The company, founded in 1946, had no Internet presence and certainly no social media buzz.By taking the company digital, Jamerson and her husband saw a big spike in sales the first year.This doesn't mean he hasn't faced challenges, but his sincere enthusiasm for the mission statement of his site has helped his company overcome these hurdles."Traditional institutional funding was not ready to fund a LGBT company in the middle of the gay marriage debate," Mastronuzzi said.