Molson Hart

Note that the person who actually wrote that quote founded several companies, exited some of them, worked as a consultant, founded another company, failed, and now works for Stripe helping startups. Wouldn't quite call them biased against startups.

I didn't realize that @patio11 also wrote the comments. I just assumed the probabilities came from him. I've read a lot of his tweets and I'm not a fan. First, they're incomprehensible. Second, his advice is always "raise prices!" or "get a higher salary" which I find lame.

I'm quoting there, but I don't think it's unfair -- odds of getting extremely wealthy from joining a startup are < 0.5% IMO, so rounding to 0 seems ok.. And this has to be compared to taking a boring job at FB, where mid-band for "senior" is $360k/yr, "staff" is nearly $600k/yr.

And of course, as with startups, a tail outcome is also possible. I know plenty of people pulling in > $1M/yr at big companies. I'm not saying people shouldn't do startups, but I don't think it makes sense to do it for the money. This may change with this recession, we'll see...

Maybe I'm overly simplistic, but this all comes down to what sort of life someone wants to live and is best suited for them. The money, well whatever. Nice way to keep score but whether you have $1mm or $100mm when you die, you're still dead. Just me.

Most people don't have the luxury of it not being about the money.