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We're talking maybe 1 in 50 versus 1 in 175,000,000 so yes, the comparison to the lottery is useless.
by drusenko 14y ago
We're talking maybe 1 in 50 versus 1 in 175,000,000 so yes, the comparison to the lottery is useless.
- whazzmaster 14y agoCashing out big is a 1 in 50 proposition? Wow! Source?
- baak 14y ago1 in 50 seems... very, very optimistic. On top of that, the investment is higher than the lottery. The lottery costs you $1. This costs you ~$10-20k in salary, and possibly more in lost opportunities and time you would've had elsewhere.
- drusenko 14y agoNot at all. From my comment above: ---- Since there's a lot of assertion and not much data here, let's bring some in. After some quick research, this Quora article seemed to have some useful statistics: http://www.quora.com/What-is-the-truth-behind-9-out-of-10-startups-fail http://www.quora.com/What-is-the-truth-behind-9-out-of-10-st... In short, 13% of VC-backed startups exit for over $10M, 5% exit for over $50M, and 2% exit for over $100M, which is what I'd call significant. ---- Besides, there are a lot of startup opportunities that pay market, so you aren't "investing" anything in the equity, it's a bonus over what you'd get paid elsewhere.