How to get rich without getting lucky
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How to get rich without getting lucky
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Re: How to get rich without getting lucky
#2Naval's always sounded a bit like a Facebook quote bot to me.
He reiterates common knowledge in less concise ways than normally said while using the persona of a monk.
...Actually, that can sum up a lot of Tech Twitter.
Re: How to get rich without getting lucky
#3op forgot the "have rich parents","go to an elite school", "be born in a rich country" and some others similar to these.
Re: How to get rich without getting lucky
#4Naval's always sounded a bit like a Facebook quote bot to me. He reiterates common knowledge in less concise ways than normally said while using the persona of a monk. ...Actually, that can sum up a lot of Tech Twitter.
Honestly, I think that's true for a lot of VCs. They have to sound like they are smart and know the secrets of the industry so that entrepreneurs reach out to them (and many times on extremely skewed terms). But truth be told, a lot of VCs have been incredibly lucky with 1-2 bets they've made.
Just a couple days ago was an article on front page of HN by Sam Altman about how to run a company, whereas he himself has had one failed startup. Softbank exists more or less because of a huuuuge bet on Alibaba which paid off. In the end, I doubt any of these "How to" articles hold up the test of perseverence.
But survivor bias aside, it's still interesting to see how VCs think, and helps gain insight into their inner monologue.
Re: How to get rich without getting lucky
#5Naval's always sounded a bit like a Facebook quote bot to me. He reiterates common knowledge in less concise ways than normally said while using the persona of a monk. ...Actually, that can sum up a lot of Tech Twitter.
Honestly, I think that's true for a lot of VCs. They have to sound like they are smart and know the secrets of the industry so that entrepreneurs reach out to them (and many times on extremely skewed terms). But truth be told, a lot of VCs have been incredibly lucky with 1-2 bets they've made. Just a couple days ago was an article on front page of HN by Sam Altman about how to run a company, whereas he himself has ha…
Not all VCs are created equal. We work for quite a few of them and the range of knowledge, connections, personalities, founder friendliness and ethics is quite broad. As a result of that there are VCs that you really don't want to have anything to do with and VCs that it is a pleasure to work with and that go to bat for the founders of the portfolio companies they've invested in with great regularity.
Re: How to get rich without getting lucky
#6I would recommend reading "How to get rich" by Felix Dennis. He had a sense of a humour, but was quite wise too.
Re: How to get rich without getting lucky
#7Earlier quoted context omitted.
Honestly, I think that's true for a lot of VCs. They have to sound like they are smart and know the secrets of the industry so that entrepreneurs reach out to them (and many times on extremely skewed terms). But truth be told, a lot of VCs have been incredibly lucky with 1-2 bets they've made. Just a couple days ago was an article on front page of HN by Sam Altman about how to run a company, whereas he himself has ha…
Not all VCs are created equal. We work for quite a few of them and the range of knowledge, connections, personalities, founder friendliness and ethics is quite broad. As a result of that there are VCs that you really don't want to have anything to do with and VCs that it is a pleasure to work with and that go to bat for the founders of the portfolio companies they've invested in with great regularity.
I don't have any particular experience with VCs, but personality-wise the guys at SUSA(Susa? Capitalisation is annoying when it comes to logo vs Twitter) and Homebrew are miles ahead of 99% of the others I've seen, so my first impression is to agree with you.
Re: How to get rich without getting lucky
#8I know very few people that got rich without getting lucky and none of them would have been rich if they had followed this list.
The majority of them simply went into finance, consulting or real estate at a young age and invested their income smartly (retrospectively!). After the first million rolls in if you're young enough compound returns will take care of the rest if you can postpone altering your life-style.
Re: How to get rich without getting lucky
#9Naval's always sounded a bit like a Facebook quote bot to me. He reiterates common knowledge in less concise ways than normally said while using the persona of a monk. ...Actually, that can sum up a lot of Tech Twitter.
Honestly, I think that's true for a lot of VCs. They have to sound like they are smart and know the secrets of the industry so that entrepreneurs reach out to them (and many times on extremely skewed terms). But truth be told, a lot of VCs have been incredibly lucky with 1-2 bets they've made. Just a couple days ago was an article on front page of HN by Sam Altman about how to run a company, whereas he himself has ha…
A former coworker of mine said this years ago, and it stuck with me:
”Silicon valley is full of people who stepped in shit once, and are therefore now experts on horses.”
Re: How to get rich without getting lucky
#10These read like cold-reading for money - broad generalisations that apply mostly because of their broadness.