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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Paul Graham‏Verified account @paulg 13 Jul 2019

      Something changed in the US around 1980. I was there when it happened, and what happened was that the country shifted from a model that was a market economy at the macro scale but not at the level of individuals to a market all the way down (if you wanted it to be).pic.twitter.com/Xvcd3pFHxx

      170 replies 706 retweets 2,300 likes
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    2. Paul Graham‏Verified account @paulg 13 Jul 2019

      Because the phenomenon of (mostly young) professionals trying to get market rate for their work was novel, a name was invented for it: "Yuppies." The reason that seems an obsolete 80s word now is that we don't need a word for it now; now we take it for granted.

      10 replies 21 retweets 230 likes
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    3. Paul Graham‏Verified account @paulg 13 Jul 2019

      A couple years ago I spent several months figuring out and describing what happened in the US around 1980. Unfortunately it has more than just economic implications. If you want to read more about it, see http://paulgraham.com/re.html 

      48 replies 58 retweets 509 likes
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    4. Kevin Mireles‏ @kevinjmireles 13 Jul 2019
      Replying to @paulg

      2. The number of startups has actually dropped dramatically over the years, not increased. The story you tell regarding yuppies and startups sounds good but is largely mythical, not based on the data, which shows new business formation plunging since the 70spic.twitter.com/FscURXvQBy

      1 reply 2 retweets 8 likes
      Paul Graham‏Verified account @paulg 14 Jul 2019
      Replying to @kevinjmireles

      This is a common misconception. The number of new businesses has decreased, but only a tiny fraction of new businesses are startups. See the first section of http://paulgraham.com/growth.html 

      3:50 AM - 14 Jul 2019
      • 1 Retweet
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      • edrive🚗⚡️
      2 replies 1 retweet 1 like
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        2. Kevin Mireles‏ @kevinjmireles 14 Jul 2019
          Replying to @paulg

          1 So per your definition, if you launch a barbershop with big dreams of growth and cash to make it happen, you’re a startup vs. if you bootstrap yourself while solving a hard problem with uncertain market size you’re not a startup?

          1 reply 0 retweets 0 likes
        3. Paul Graham‏Verified account @paulg 14 Jul 2019
          Replying to @kevinjmireles

          Yes, if you launched a barbershop with a plausible plan for how it's just the first stage of something huge (a national barbershop chain for example), that would be a startup. I use the subjunctive because that hypothetical case describes 0% of new barbershops.

          2 replies 0 retweets 3 likes
        4. Show replies
        1. Kevin Mireles‏ @kevinjmireles 14 Jul 2019
          Replying to @paulg

          2. Regardless of startup definition, without any data backing your assertion, you’re asking us to believe that despite the absolute # of new businesses shrinking, that the percentage of founders with big dreams have exploded? That prior to 70/80’s people didn’t dream big?

          0 replies 0 retweets 0 likes
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