The other reason to choose projects that appear to have a decent chance of success is that the longer the project goes, the more work you'll have without having to go through the hassle of finding a new client, vetting their idea, doing the contract back and forth, doing the negotiating, and establishing a good working relationship.
There is also the excellent resume and street cred of working on a successful startup, possibly with name recognition, vs a 'failed' one.
Yes, that too. Funding out of pocket only goes so far, eventually there needs to be some sort of traction by either making sales or being able to attract investment. Without that, I might be out of a client sooner rather than later.
There is also the excellent resume and street cred of working on a successful startup, possibly with name recognition, vs a 'failed' one.