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I made millions. And then I woke up. But I do make some, and many people make lots of money with simple tools all the time. A recent HN thread asking about ho
by VoodooJuJu 3y ago
I made millions. And then I woke up.
But I do make some, and many people make lots of money with simple tools all the time.
A recent HN thread asking about hourly billing rates [1] had some people charging $1500/hr with just a screwdriver.
What I consider more interesting is the circumstances leading to someone finding themselves in a position where they can command so much compensation using such simple resources.
And I'm afraid a lot of people won't share those circumstances, you included OP, and myself. That's because if you're able to make all that cash with just you and your laptop, that means anyone can, and the barrier to entry is pretty weak. The barrier is simply knowing something exists. Knowing about some niche, the opportunity, where to look, etc.
And as soon as someone finds your niche, someone else with a laptop will come along and crash your party. Who wants that?
HN-types love to parrot the meme, "ideas are worthless, it's the execution that matters". Except that's not true, because surprisingly often, the only barrier to entry is simply being aware of the existence of some opportunity, the idea, and not some deep arcane knowledge or skill or how magnificent your execution is.
[1] https://news.ycombinator.com/item?id=38182965 https://news.ycombinator.com/item?id=38182965
- billy99k 3y ago"ideas are worthless, it's the execution that matters" This is true. However, when a large corporation with a near unlimited supply of money becomes aware of your idea and executes, you probably don't really have a chance as a single-person founder.
- bayjird 3y agoI didn't mean to be coy with how I made my money. It was mostly a combination of teaching at a coding bootcamp and working as a technical interviewer. I didn't invent anything or start my own business. In that sense the barriers were low. On the other hand I benefited from being born in Canada and studying computer science in university - these could both be somewhat of a barrier to making money from a laptop.
- giantg2 3y ago"But I do make some, and many people make lots of money with simple tools all the time." My boss makes money. I'm a simple tool.