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The barrier to entry is very low these days so technically Yes. At least in theory, someone can start a "tech" business with a couple hundred bucks and shit ton

The barrier to entry is very low these days so technically Yes. At least in theory, someone can start a "tech" business with a couple hundred bucks and shit tons of sweat equity. Back in the 70s-80s, I am sure you needed a lot more capital to start a traditional business. Granted, the 1 person bootstrapped tech biz won't hit the same 1B revenue scale in 10 years but you can become "rich" if your definition of rich is not necessarily the Top 1%.

SavantIdiot 5y ago
You are not talking about the bottom 95%, you are talking about 5% of the bottom 95%: tech-educated programmers & engineers. Now look at how many have the skills to be a CEO and that's about another 5% of that. So in reality you are describing 2.5% of the population.
- Godel_unicode 5y ago
  The population of people who have the skills to be CEO of a <25 person business is far more than 5% of the population. The blue collar sector is filled with such people running e.g. electrical or plumbing companies. Plenty of those people are doing very well for themselves, and now we're talking about how rich is rich.
  - SavantIdiot 5y ago
    I know a woman who is the CEO of her Etsy knitting company that her daughter helps her with. So I guess you're right, anyone can call themselves a CEO.
    - arcturus17 5y ago
      > So I guess you're right, anyone can call themselves a CEO Semantics... That's not what I got from GP's point. They are talking about a company of up to 25 people (so, an order of magnitude larger than a two-person company). CEO, general manager, principal, top dog... What does it matter. The point is you can make bank with a business of that size - possibly the mom and daughter operation you're describing does.
csomar 5y ago
Back in the 70s-80s, housing was very accessible and jobs were simpler and equally available (now you probably need to move to a hot city). So people could build considerable real-estate equity from being a salaried man.

SavantIdiot 5y ago

You are not talking about the bottom 95%, you are talking about 5% of the bottom 95%: tech-educated programmers & engineers. Now look at how many have the skills to be a CEO and that's about another 5% of that. So in reality you are describing 2.5% of the population.

Godel_unicode 5y ago
The population of people who have the skills to be CEO of a <25 person business is far more than 5% of the population. The blue collar sector is filled with such people running e.g. electrical or plumbing companies. Plenty of those people are doing very well for themselves, and now we're talking about how rich is rich.
- SavantIdiot 5y ago
  I know a woman who is the CEO of her Etsy knitting company that her daughter helps her with. So I guess you're right, anyone can call themselves a CEO.
  - arcturus17 5y ago
    > So I guess you're right, anyone can call themselves a CEO Semantics... That's not what I got from GP's point. They are talking about a company of up to 25 people (so, an order of magnitude larger than a two-person company). CEO, general manager, principal, top dog... What does it matter. The point is you can make bank with a business of that size - possibly the mom and daughter operation you're describing does.

csomar 5y ago

Back in the 70s-80s, housing was very accessible and jobs were simpler and equally available (now you probably need to move to a hot city). So people could build considerable real-estate equity from being a salaried man.