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>That's why founders sometimes get so rich so young now. It is true. Sometimes young people get really rich while they are really young. Sometimes you can toss
by cupofcoffee 5y ago
>That's why founders sometimes get so rich so young now.
It is true. Sometimes young people get really rich while they are really young. Sometimes you can toss a coin 30 times and you can get all heads. I don't see why deceptively call it "sometimes" when in reality saying almost never would be heck of a lot truer.
>You could get rich from starting your own company in 1890 and in 2020, but in 1960 it was not really a viable option. You couldn't break through the oligopolies to get at the markets.
I am guessing by PG's definition having an internet connection is "getting at the market". To create a startup at 2021 in tech sphere you need to have a ridiculously unique skill-set. I haven't heard of any recent succesful start-ups that just does writes to DB and renders something on the screen. If there was such a low-hanging fruit big companies would simply copy the best features overnight and make you obsolete.
When tons of people are getting at a market it means lots of competition which means you need to further reduce the competition space by using geography, connections or wealth.
Tl;dr: You almost never get rich from starting a company.