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I think it's actually that individuals with high levels of academic success don't need to start a company, they already have very good high paying career option
by thwy12321 8y ago
I think it's actually that individuals with high levels of academic success don't need to start a company, they already have very good high paying career options. And so starting a company has a high level of opportunity cost.
- longerthoughts 8y agoDo you think most founders didn't have decent career prospects before starting a company? Are you suggesting that people start companies because they think being a founder is likely to be a high paying job? What founders are trading up in salary when they're starting their company?
- andyidsinga 8y agoin his first sentence : s/need/dont want to There seems to be anecdotal evidence. I've read about and talked to founders who have said things like "They just could't get hired" or "couldn't handle working for someone else" and "had no other option but to start their own business". that said - very likely a survivor bias in those samples..
- longerthoughts 8y agoI have no doubt that those founders exist, the question is whether or not they're more common than founders with other options.