2 ms·
>>Realistically do you think a lottery winner is comparable to a successful startup employee? In some ways, yes. Certainly there are difference, but people are
by breischl 12y ago
>>Realistically do you think a lottery winner is comparable to a successful startup employee?
In some ways, yes. Certainly there are difference, but people are people. How many college grads get their first job that pays real money and immediately throw themselves into debt for new cars and nice condos? How many people cash out of a startup and plow the proceeds into another one, effectively doubling down on that particular lottery?
Clearly there are differences between the groups, so the average outcomes could definitely be different. But I don't think it's obviously true.
It would be interesting to see a longitudinal study of people who cashed out significant amounts from startups. I'm sure they do better than the average lottery winner - but then they were probably doing better before the windfall as well. The interesting question would be whether the windfall changed their trajectory, or was just a blip.