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That last part makes me think that you aren't really making that much and justifying it by saying: "we're not really in it for the money, are we?". Bad guess.
by michael_dorfman 16y ago
That last part makes me think that you aren't really making that much and justifying it by saying: "we're not really in it for the money, are we?".
Bad guess. My first startup had a successful exit; I'm not at liberty to discuss the numbers, but let's just say that it was for a satisfying amount with the appropriate number of zeroes.
Everyone is in it for the money. Money means freedom. Freedom from governments and your boss. If you aren't in it for the money, start a non-profit.
I'm not purely in it for the money; I'm in it for the quality of life. After a certain point, each additional dollar/kroner fails to significantly impact the quality of life. Similarly, there are plenty of things I absolutely won't do for money.
Having health insurance to fall back on does help with starting a company. But once you get the company established, the amount of taxes you will be required to pay for employees and other things will outweigh any benefits you received initially.
Again, wrong. I also received some very generous innovation grants from the Norwegian government. The benefits were plentiful.
- rick888 16y ago"Bad guess. My first startup had a successful exit; I'm not at liberty to discuss the numbers, but let's just say that it was for a satisfying amount with the appropriate number of zeroes." ok. So why say "we all aren't in it for the money", when that is obviously not the case for you. "I'm not purely in it for the money; I'm in it for the quality of life." So you are interested in running a lifestyle business (http://en.wikipedia.org/wiki/Lifestyle_business http://en.wikipedia.org/wiki/Lifestyle_business). You also cashed out early. However, what about the people that want to run long-term businesses to help the quality of life for others (by hiring employees and paying them a wage)? "After a certain point, each additional dollar/kroner fails to significantly impact the quality of life." Is this because of taxes? Even if it's not, you can't make that blanket statement for everyone. As a late 20s single guy, I would need a lot less than someone with a wife and kids. You can always use more money for something to improve the quality of your life. Your kids futures, relatives, non-profit organizations, retirement...the list goes on. I don't feel like the government should put limits on my potential success. If it's all sucked away by taxes and other government fees, your choice is gone.
- tankenmate 16y agoThe point he was making is the marginal gain from $1,000,000 to $1,100,000 is very different from the marginal gain from $0 to $100,000.
- rick888 16y agoDoes it really matter? It seems the leftists have flooded ycombinator and don't really want to hear anything besides their own viewpoint.