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
20% compounded growth for 20 yrs is definitely not a 50-80% chance of success. Maybe 1-2%.
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Replying to @ethanagarwal
This assumes you are a competent operator. I have *trouble* finding bootstrapped tech businesses that aren't growing at least 20%/yr.
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Replying to @awilkinson
Please name 3 bootstrapped comoqnies that have done it for 20 years?
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Replying to @ethanagarwal @awilkinson
There are likely hundreds of companies that have. So many different stores, local services thatve expanded, boring b2b shit
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Replying to @ethanagarwal @awilkinson
I read a fair bit about family owned businesses. Three that likely fit the criteria but cannot be proved are Ingram https://en.m.wikipedia.org/wiki/Ingram_Industries … Pilot https://en.m.wikipedia.org/wiki/Pilot_Corporation … Koch https://en.m.wikipedia.org/wiki/Koch_Industries … Linode:https://en.m.wikipedia.org/wiki/Linode
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Replying to @theSamParr @ethanagarwal
Basecamp/37signals (
@jasonfried +@dhh) Mailchimp (@benchestnut) Craigslist (@craignewmark) Many, many more examples that nobody has ever heard of.5 replies 1 retweet 20 likes -
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Wow, these are amazing numbers.
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