4 ms·
Yes, if you value money at log($) like microeconomics says you should, then you should start something less risky than a startup. As Charlie Stross's essay (ht
by tlb 14y ago
Yes, if you value money at log($) like microeconomics says you should, then you should start something less risky than a startup.
As Charlie Stross's essay (http://www.antipope.org/charlie/blog-static/2012/09/on-the-diminishing-marginal-ut.html http://www.antipope.org/charlie/blog-static/2012/09/on-the-d...) points out, there's another level. Elon Musk might get to retire on Mars. Bill Gates will probably cure malaria and several other big world problems.
So if your goal in life is not just having enough food & toys but changing the world, the big money comes in handy.
- ryanwaggoner 14y agoDo it on your second venture, especially since now you're talking about levels of wealth that offer odds of first-time-founder success far, far below 1%.
- astrofinch 14y agoSee also: http://80000hours.org/blog/12-salary-or-startup-how-do-gooders-can-gain-more-from-risky-careers http://80000hours.org/blog/12-salary-or-startup-how-do-goode...