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But you have to recognize that realistically they are the most earnest, push the hardest, and are very smart. And yet, that failure rate. I’m in no way arguing with your model. It makes perfect sense. I’m simply saying compounding profits is a safer path to wealth.
I agree with you that it's a safer path. It would be surprising if a path with lower returns didn't also have lower risk. All I'm saying is that for some people, the less safe path is optimal. And indeed, for some people the even safer path of working for someone else is.
I mostly agree with that :-) I just don’t think most people in SV even consider that they could take path 2.
It is always about the path and journey than the goal/results.
Plus there are some cases where the business chooses the path for you. If you want to build nuclear reactors, or supersonic airliners, you're going to have to raise money from investors.https://boomsupersonic.com/
Surprised you don’t know your failure rate.
This depends on what you mean by "safer" too. For some people, the learning & network developed via a startup increases value of their ultimate outcome, even if that is working for someone else. @ByrneHobart framed it pretty well here:https://medium.com/swlh/y-combinator-not-lambda-school-is-unbundling-education-bd6fdf0c78d7 …
Entrepreneur first too @matthewclifford
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