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...
-
Show this thread
-
Replying to @awilkinson
It's a fallacy to think that the fact that x% of startups fail implies that your probability of failing is x%. It's more a reflection of the distribution of ability among the people who start them.
42 replies 158 retweets 1,481 likes -
Replying to @paulg
80% of drivers think they are a better than average drivers... I’m talking to everyone, not YC cream of the crop. Even then, what is YC’s success rate? Huge respect for what you’ve built, but I assume failure rate is very high even at the top.
4 replies 3 retweets 93 likes -
Replying to @awilkinson @paulg
Yeah, but you know your abilities much better than YC does, so you can evaluate your odds better. Also, with drivers, there's no instant feedback loop
1 reply 0 retweets 0 likes
That first sentence is often false. Lots of people underestimate what they can do.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.