What’s an easier path to wealth? PATH 1: VENTURE STARTUP - 95% chance of $0 - Tiny personal income while building startup until IPO/scale - Massive dilution (most founders end up owning 5-15%). $1BN market cap = $50-$150MM for founder. OR...
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Replying to @awilkinson
It's a fallacy to think that the fact that x% of startups fail implies that your probability of failing is x%. It's more a reflection of the distribution of ability among the people who start them.
41 replies 154 retweets 1,462 likes -
Replying to @paulg
80% of drivers think they are a better than average drivers... I’m talking to everyone, not YC cream of the crop. Even then, what is YC’s success rate? Huge respect for what you’ve built, but I assume failure rate is very high even at the top.
4 replies 3 retweets 93 likes
Replying to @awilkinson @paulg
my motivation is more like "this has to get into the world"
6:35 PM - 3 Jun 2020
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