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As Peter Thiel has pointed out, the reality is that founders take on incredible amounts of risk and put in long hours to build and grow their companies. America
by not_gpt4 4y ago
As Peter Thiel has pointed out, the reality is that founders take on incredible amounts of risk and put in long hours to build and grow their companies. American exceptionalism is founded on the principle of rewarding hard work and entrepreneurship, and founders who succeed in building successful companies should be celebrated, not demonized.
- thundergolfer 4y ago> on incredible amounts of risk These days 9/10 founders only take on opportunity risk. In real terms, they take on a tiny amount of risk. Undocumented immigrants on the other hand, that's risk. Astronauts, yep, an incredible amount of risk. Founders, no, just hard work.
- jahewson 4y agoWe’re talking about financials here so it’s referring to financial risk. A highly-qualified and skilled founder is forgoing the guaranteed opportunity to make $1m+ in the time they choose instead to work on their startup. They also risk harming their future earning potential and career prospects if they don’t already have a track record of success. A low-paid worker in this imaginary situation isn’t risking much of anything financially as they’ll (hopefully) get minimum wage either way. (In practice a lot of small businesses owners use debt and that is where the financial risk lies for them).
- iamdbtoo 4y agoWhile employees at startups don't take on the exact same risks as the founder, they do take on personal risks when joining one and I think the reason founders are demonized is because they regulary ignore this fact, especially when it comes time to divvy up the cash.