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The people who get to have the option of a multi-multi million dollar exit are the ones who start at the beginning when the company is worth nothing. Most peopl
by willsmith72 3y ago
The people who get to have the option of a multi-multi million dollar exit are the ones who start at the beginning when the company is worth nothing. Most people who can't afford basic necessities also can't afford to take the risk of starting something new. In fact, I would say it's a terrible decision in that case, akin to buying lottery tickets. The far easier way to guarantee "basic necessities" in tech is train up, get a good job, be frugal. You could have enough to never need basic necessities within 10 years, max 20.
The vast majority of founders I see are relatively self-sufficient already and live comfortably. They're founders because they're addicted to it, love making something new, and potentially are chasing that mega-exit. 10s-100s of millions, not a few.
- amrocha 3y agoMaybe the reason the majority of founders are like that is because the ones who sell out and go live comfortably for the rest of their lives take themselves out of the pool and you don't hear about them.