Ask HN: Do YC Startup founders become millionaires?

Post by fragmede » Thu, Aug 10, 2023, 5:49 PM UTC

krishnaislove wrote: post #9

fragmede wrote: post #8

It takes roughly a decade to IPO, so figure at least that long. Oftentimes there are buyouts before then, but those usually come with a pair of golden handcuffs which extend the time period. And then of course there are all the failures that don't find traction or product-market fit. But are great learning opportunities. A FAANG job is more reliable to get you to millionaire status eventually, but a ton of luck at a…

That's quite a long time. I guess getting rich is not that easy. I saw some comments on HN by solo micro-SaaS devs who said that they have $20-50K MRR and I was blown away. I wish I too could learn how to do something like that.

Overnight successes take years to happen. The road to $50k MRR is littered with failures that you never hear about. You can learn to do it, and with enough motivation, and a healthy dose of luck, you'll make one too. You just have to dream. But it's a lot of long nights of being at home working, usually by yourself, instead of going out and making friends on weekends. And it may not pan out. I'll say that again: All your work could amount to a -$1,000 MRR from hosting and other costs.

But if you want to do more than just dream of a $50k MRR, put your mind to it, learn the skills, from teachers and by doing, and reach for the stars.

Post by krishnaislove » Thu, Aug 10, 2023, 6:39 PM UTC

fragmede wrote: post #11

krishnaislove wrote: post #9

Earlier quoted context omitted.

That's quite a long time. I guess getting rich is not that easy. I saw some comments on HN by solo micro-SaaS devs who said that they have $20-50K MRR and I was blown away. I wish I too could learn how to do something like that.

Overnight successes take years to happen. The road to $50k MRR is littered with failures that you never hear about. You can learn to do it, and with enough motivation, and a healthy dose of luck, you'll make one too. You just have to dream. But it's a lot of long nights of being at home working, usually by yourself, instead of going out and making friends on weekends. And it may not pan out. I'll say that again: All…

Thank you for the motivation. I suppose dreams can be turned into reality with enough dedication.

I'll try to be that. Thank you!

Re: Ask HN: Do YC Startup founders become millionaires?

Re: Ask HN: Do YC Startup founders become millionaires?