2 ms·
> So, if economic inequality were substantially reduced, would there still be startups? There would be - but as the article points out correctly elsewhere, the
by lazyjones 11y ago
> So, if economic inequality were substantially reduced, would there still be startups?
There would be - but as the article points out correctly elsewhere, they would be in other countries.
> I believe another piece of common advice in this field is that you should only do a startup if you want to change the world, not just to get rich...
Nobody does it just to get rich, but (as the article also points out...) few founders would go through that pain if there wasn't a chance to get rich. I can assure you from personal experience that working 100 hours/week as a founder is much less attractive if you can live very comfortably from exit money for the rest of your life, no matter how great your ideas are.
- js8 11y ago> few founders would go through that pain if there wasn't a chance to get rich I don't understand why should economic system be based on heroism. I frankly don't think anyone should be required to work more than 40 hrs/week (or even less) unless they want to. And I think basing economic system on these extremes is misguided. So it will take couple more years to invent, I don't know, Snapchat.. what is the big deal?