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The utility of a person's first million dollars is much more than the thousandth.
by robotresearcher 12y ago
The utility of a person's first million dollars is much more than the thousandth.
- deleted 12y ago[deleted]
- fapjacks 12y agoThe gravity of this observation cannot be overstated. This is the key to the whole kingdom.
- aetherson 12y agoWell, yes. Is it 100x their thousandth? I don't know. Maybe! But on the gripping hand, if you want a million dollars, don't start a start-up. If you want something with the expected value of $100,000, DEFINITELY don't start a start-up. If your goal in life is to get $1,000,000 and then you're going to be awfully happy, then for god's sake, go work at Google or Facebook or plenty of other biggish companies with good compensation. You won't get $1,000,000 all in one lump, but you'll get it, and on average, you'll get it sooner than a founder will. Risk-adverse people should not be starting companies -- it's risky. And people who have made a solid decision to take a risky path should not bitch if their investors would also like the riskier, more profitable path.