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Only a small fraction of people with high net worths, say $50M+, are coming from founding venture backed startups. Many of the wealthiest people I've met do thi
by chadash 6y ago
Only a small fraction of people with high net worths, say $50M+, are coming from founding venture backed startups. Many of the wealthiest people I've met do things like manufacture purses for Walmart, or towels for TJ Maxx, or sell network equipment to cable companies. Stuff that isn't sexy or visible, but with large markets that can get you into the very well off range (but that limit you from being a multi-billionaire).
- curiousllama 6y agoAgree. "Silly or insignificant" is the wrong angle. "Pushing a boulder up a hill" is my preferred framing. Better to talk about difficulty, uncertainty, and boredom. All those things will make you low status - choosing to be sisyphus isn't glamorous - but that's also where you find valuable niches. Not in the silly.