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That is "fabulously rich" by my standards too. My point is that the existence of the "startup lottery" is relatively recent in Silicon Valley history, and ther
by marssaxman 3y ago
That is "fabulously rich" by my standards too. My point is that the existence of the "startup lottery" is relatively recent in Silicon Valley history, and therefore cannot explain why Silicon Valley has the advantage it does.
- adastra22 3y agoIt's been a thing since at least the 70's, maybe the 60's (I know less about that era), at least if you adjust for cost of living and inflation. In other words, longer than Silicon Valley has actually been a thing (it used to be Santa Clara Valley!) My dad did the startup thing in the 80's, and still has his old stock certificates representing a non-trivial ownership share. It didn't work out for him, but I tried 3 decades later with some measure of success. So this is at least two literal generations of Silicon Valley economic mobility here.