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...
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Replying to @awilkinson
20% compounded growth for 20 yrs is definitely not a 50-80% chance of success. Maybe 1-2%.
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Replying to @ethanagarwal
This assumes you are a competent operator. I have *trouble* finding bootstrapped tech businesses that aren't growing at least 20%/yr.
8 replies 3 retweets 57 likes -
Replying to @awilkinson
Please name 3 bootstrapped comoqnies that have done it for 20 years?
1 reply 0 retweets 9 likes -
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Replying to @ethanagarwal @awilkinson
There are likely hundreds of companies that have. So many different stores, local services thatve expanded, boring b2b shit
1 reply 0 retweets 5 likes -
Replying to @ethanagarwal @awilkinson
Again, most I cannot prove. Two I can 100%.
8:57 PM - 3 Jun 2020
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