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Really awesome that he was able to do this and give back, but none of this would have been possible without his unfathomable wealth and access.
by twostorytower 6mo ago
Really awesome that he was able to do this and give back, but none of this would have been possible without his unfathomable wealth and access.
- yieldcrv 6mo agoFeeling inspired?
- croes 6mo agoIt’s more like I hope more bad things happen to rich and powerful people so they start doing something against it. As long as it happens to ordinary people most of then hardly care. Reminds me of the GOP who was against stem cell treatments until Reagan got Alzheimer‘s
- rvz 6mo ago> ...but none of this would have been possible without his unfathomable wealth and access. ? What's that supposed to mean? Is that bad? You can do the same thing as he did, what's stopping you?
- croes 6mo agoWealth is mostly based on either luck and more often heritage.
- rvz 6mo agoNot only Sid didn't come from any of those backgrounds, neither did the founder of Freshworks who literally started his company based on reading a hacker news comment. [0] So I only see more excuses here. [0] https://news.ycombinator.com/item?id=28336815 https://news.ycombinator.com/item?id=28336815
- croes 6mo agoSo it was luck
- rvz 6mo agoNope. He applied to YC and took that risk and already knew how to make money. You miss 100% of the shots if you do. not. try.
- croes 6mo agoBut you don’t hit 100% if you try. That’s where the luck part comes into play. Right time, right place
- rvz 6mo ago> But you don’t hit 100% if you try. That’s where the luck part comes into play. Nope. Sid just knows how to make money and that's him being more than 'lucky' with his experience and marketing GitLab right here which you could have done that as well. > Right time, right place Just use Sid's story as motivation for yourself.
- TobTobXX 6mo agowealth and access that is merely fathomable
- rvz 6mo agoYou can literally apply to YC, just like Sid and now you are reading his story. He did not come from any of those backgrounds.
- Noumenon72 6mo agoThat's not a "but". Because he developed wealth and access, this is possible for one person when before it wasn't possible for anyone. This is how societies developed everything from refined sugar to rockets, as they passed various thresholds where individuals could afford to try things out.
- perch56 6mo agoAccording to some online sources his total wealth is under $3B. Hardly ‘unfathomable wealth’ IMO. Sure, billionaire territory but nowhere near the ultra-wealthy.
- amazingamazing 6mo ago3 billion is ultra wealthy, you can't be serious.
- perch56 6mo agoIt’s entry-level billionaires club. The top 10 each hold $100B–$300B+, so the wealth distribution is extraordinarily skewed even within billionaires themselves. Musk is hundreds of times richer. Hardly obscenely rich.
- amazingamazing 6mo agoI must be talking to AI
- perch56 6mo agoThis AI recommends you visualize inequality at scale and see the difference between 1B vs 300B. https://youtu.be/c7sr46hxVM4 https://youtu.be/c7sr46hxVM4
- amazingamazing 6mo agoThe percentile ranking increase is greater between median human and 1B compared to 1B and 300B. Bad AI
- tock 6mo agoIt's entry-level obscenely rich club.
- chaps 6mo agoFriend, $3B is unfathomable wealth for an individual.
- junofan 6mo agoThere are grad students babying organoids right now. Saturday morning. If you can work a pipette you can do this.
- esafak 6mo agoThis is an excellent use of his wealth and skills. Much better than Steve Jobs' response. I remember reading a similar article about a (cancer?) patient who used 3D printing for his personalized cure.
- fragmede 6mo agoAnd all of a sudden, I was bestowed with the greed to acquire more money than I can spend in a single lifetime. If I get cancer, I'd rather be rich and be able to do stuff like that, rather than die quietly.