Molson Hart

"not everyone should be an entrepreneur" and "good entrepreneurs try to reduce risk" are both so obvious to me that I wouldn't have bothered mentioning them. Although perhaps it's not obvious to others. 1/X

One thing that's less obvious is how reasonable goals change with the universe you're in. In this universe, it's practical for X% of people to become entrepreneurs. That number is far less for a peasant 4 centuries ago, and depends on many factors 2/X

Some of those factors: availability of capital, cost of capital, realistic odds of success, career options. 99% of the people who "would become a founder no matter what" would be better off with a corporate job paying 5M/year in the counterfactual world where they could get it

If they are better, it would only be financially.

No, I assert they would feel happier, rate their happiness *and* freedom higher in surveys, etc. This is assuming getting paid 5M while having the responsibilities of people paid around 250k in this world.

Data is pretty clear that above 70k or so (location adjusted) generally doesn't correlate with any more happiness, right?

Another @danluu article actually points out that this isn't true: https://danluu.com/dunning-kruger/  Here's the piece I mentioned in the other tweet, btw: https://danluu.com/startup-tradeoffs/ …