Folks in the status professions (banking, law,..) often tell me they want to become an entrepreneur. I always tell them, you wont do it. They attended the right school, joined the right firm, attained that corner office. As a founder they would give up all that, and their family and friends will tell them that they've made a massive mistake, for years, while it appears that nothing is happening. Then they sheepishly…
Underrated predictor of success: willingness to be low-status
141–150 of 289 posts
Re: Underrated predictor of success: willingness to be low-status
#142Folks in the status professions (banking, law,..) often tell me they want to become an entrepreneur. I always tell them, you wont do it. They attended the right school, joined the right firm, attained that corner office. As a founder they would give up all that, and their family and friends will tell them that they've made a massive mistake, for years, while it appears that nothing is happening. Then they sheepishly…
Re: Underrated predictor of success: willingness to be low-status
#143Folks in the status professions (banking, law,..) often tell me they want to become an entrepreneur. I always tell them, you wont do it. They attended the right school, joined the right firm, attained that corner office. As a founder they would give up all that, and their family and friends will tell them that they've made a massive mistake, for years, while it appears that nothing is happening. Then they sheepishly…
So even some of the most successful high statis people are caving in to outside pressure to be something other than what they want. Problem is, the benefits of that (money, status, maybe power) are nice thing to have even if they're not your goal.
Re: Underrated predictor of success: willingness to be low-status
#144Earlier quoted context omitted.
> People considered me to be quasi-unemployed On a related note, this is a mindset that I think is probably the biggest blocker to entrepreneurial success (and perhaps happiness?) I have a friend (you know who you are since you’ll probably read this ;) who is by ALL measures a massively successful and brilliant person. Ran his own startup for 10+ years, just had a great exit. And during his post-sale victory lap in w…
I prefer "gainfully unemployed" or "willfully unemployable". Those are the labels I have become comfortable with.
Re: Underrated predictor of success: willingness to be low-status
#145The more-correct observation is that any well-understood or easy path to becoming high status will be shut down. Most people are not high status, and want to be. It follows that the path has to be either risky, or difficult to comprehend. If hard work were enough, we'd all be in charge. Lots of hard workers out there.
Leetcode is becoming the status differentiator for software engineers.
Re: Underrated predictor of success: willingness to be low-status
#146I'm struggling to see the link between status and working on something obscure. Working on something you like (or even having a choice of things to work on at all), even if it's something others find trivial or pointless, still seems like a privilege.
The tweet thread is using the word "status" a little differently than a sociologist might use it when talking about "socioeconomic status".
Re: Underrated predictor of success: willingness to be low-status
#147Re: Underrated predictor of success: willingness to be low-status
#148Earlier quoted context omitted.
I feel the bitterness as well (31 here). A few observations/tips (that I gave myself): * I've noticed many don't appreciate the bitterness as the bitterness needs to align with their beliefs and people their beliefs are different. If it doesn't align, then all they feel are unpleasant emotions. * Being/feeling bitter is destroying my soul. Don't give into it, I know you have your justifications. I have mine, but ulti…
Similar situation here, I am interpreting (or parsing) all of this as a test to see if I really do love the grind that much.
Also, development in a sense is a numbers game. You get more experience and try to expand as much as you can, rinse and repeat. Entrepreneurship is only another way, you can make it happen (and many of us did) just being a normal employee.
Re: Underrated predictor of success: willingness to be low-status
#149Folks in the status professions (banking, law,..) often tell me they want to become an entrepreneur. I always tell them, you wont do it. They attended the right school, joined the right firm, attained that corner office. As a founder they would give up all that, and their family and friends will tell them that they've made a massive mistake, for years, while it appears that nothing is happening. Then they sheepishly…
The issue with the bankers is that they’re trapped in a local maximum.
A successful entrepreneur is probably the highest status role possible in modern society (think Zuckerberg, Bezos, Gates) maybe even rivaling POTUS.
I don’t buy that entrepreneurs are not interested in status, they’re just making a longer term status play (and taking on more financial risk to do so).
Look at “30 under 30” lists, accounts on Twitter and their bios, there’s massive amounts of status seeking there. I suspect the successful low status people are actually the standard devs/IT employees, not founders.
An annoying part of this game is that it’s also high status to pretend you’re low status or that you don’t care about status (hence all the “I’m humbled to accept ”)
Dating is always awkward, doesn’t really matter what you’re doing (except maybe doctor).
Re: Underrated predictor of success: willingness to be low-status
#150The more-correct observation is that any well-understood or easy path to becoming high status will be shut down. Most people are not high status, and want to be. It follows that the path has to be either risky, or difficult to comprehend. If hard work were enough, we'd all be in charge. Lots of hard workers out there.
Leetcode is becoming the status differentiator for software engineers.