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Nothing is stopping those employees from taking all the risks and starting their own businesses. Of course they'll give up their stable consistent paychecks and
by marcinzm 6y ago
Nothing is stopping those employees from taking all the risks and starting their own businesses. Of course they'll give up their stable consistent paychecks and benefits for possibly years with only a small chance of high returns. Lower risk, lower reward.
- eloisant 6y agoYes they can, but they won't get anywhere unless... They get employees of their own. That's the whole point.
- mbgerring 6y agoDig a little deeper and you’ll find that there are plenty of factors preventing some people from taking risks, and insulating and enabling others. You might even find that many of these factors are predictable and systemic!
- inerte 6y agoAt a personal level, a lot, if not most, billionaires never risked anything the vast majority of their employees would have to risk. They were either already rich-enough (or _very_ rich like Bezos), or from families that can support them if something fails. At a company / systemic level, if say Musk or Bezos fail right now, their companies might be at risk and that can lead to thousands of people unemployed. But they already reaped the fruits high reward you're talking about. And a LOT of people take the risks you're talking about, since new businesses are started everyday. But we're talking about billionaires in this context, and the current crop took a risk that the general population would consider it negligible.
- camgunz 6y agoNot everyone has the resources to be a founder. Even just starting a very basic business takes resources, but if we're talking YC tech startups, that's stuff like Ivy League schools, tech chops, good network connections, the ability to potentially not build wealth for years. It takes a ton of privilege, on average, and that just magnifies.