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I'm not sure if the calculation is correct. 2000 people winning lotteries out of at least millions of people, right? Yet in the startup word, it is thousands of
by g9yuayon 6y ago
I'm not sure if the calculation is correct. 2000 people winning lotteries out of at least millions of people, right? Yet in the startup word, it is thousands of people out a few hundreds of thousands? Another factor to consider is that your equity keeps giving, while lottery is a one-off deal.
- CRConrad 6y agoBut the GP's point pretty obviously wasn't a calculation of percentages, just comparing absolute numbers. As a percentage of the population it also holds, since that is the same whether you're looking at start-ups or rhe lottery. Another way to look at it is ease of entry: If you're already playing the lottery, also joining a start-up isn't all that easy (as you said yourself, the number who do is much lower). If you're already working at a start-up, OTOH, also playing the lottery...