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Companies like instagram, when they hit high profile exits, only add fuel to the fire that is hordes of decent people that would otherwise be excellent, product
by leif 14y ago
Companies like instagram, when they hit high profile exits, only add fuel to the fire that is hordes of decent people that would otherwise be excellent, productive, happy employees, wanting to play the startup lottery.
I don't know much about startup financing economics, but when it comes to talented people, it seems to me like there is a huge bubble.
Thought experiment time. Suppose you have a 1% chance of cashing out spectacularly enough to live off the proceeds for the rest of your life, and provide for your children too. You need to get 69 "at bats" before you have more than a 50% chance of winning (.99^69 is about .49983). Are you going to start 69 startups before you die? No? Then please, unless you really have a good idea, just go work for someone else (even if it's a startup), you'll be happier. I know, I know, execution is everything, but you do need a good idea to execute.