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> If you join early, got plenty of stock options and the startup turns into a unicorn, those millions are totally possible That's the thing: there's literally
by troupo 2y ago
> If you join early, got plenty of stock options and the startup turns into a unicorn, those millions are totally possible
That's the thing: there's literally no business idea in most startups beyond "sell to the highest bidder at 1B+ valuation". And the rest are hoping to coast on unlimited investor money.
That's it.
There are no business plans of, you know, building a sustainably profitable company.
- Traubenfuchs 2y agoFor me the better question is: Why is anyone with enough money to invest in startups not just investing that money in a safe index fund or real estate instead?
- troupo 2y agoGambling is an addiction :) Also, if you manage to get rich, you can afford more risks... in the hopes of getting even richer
- Traubenfuchs 2y ago> Also, if you manage to get rich, you can afford more risks... in the hopes of getting even richer I lacked the empathy to consider it from that perspective. I guess "Even if I got rich, I would play it safe." is just my poor people scarcity mindset instead of an abundance mindset.
- troupo 2y ago> I lacked the empathy to consider it from that perspective. It wasn't my original idea either :)