Opinions on gambling early

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Fold. Think about it this way. Assume it's a coinflip. If you lose the coinflip, you lose your buyin. If you win the coinflip, you don't necesarrily double your buyin.

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Wouldn't the added equity in the tournament if I win counter the chance that I lose? If I win, I'm not guaranteed to double my buy in, but folding doesn't assure me of anything other than to see another hand either. I'm not saying I disagree, I'm just trying to think this through.

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Read Tournament Poker for Advanced Players by Sklansky. He'll explain that the chips you lose are more valuable than the chips you win.