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Almost-Billionaires (2014)

lackingambition.com

11–20 of 67 posts

Re: Almost-Billionaires (2014)

#11
post #2

Good point. I think though that being a entrepreneur and especially a manager is a lot harder than it looks. There is no real reason why a coder or a comedian would be good at starting a company. Yeah being the boss looks easy until you actually have to do it.

[deleted]

Re: Almost-Billionaires (2014)

#12
post #2

Good point. I think though that being a entrepreneur and especially a manager is a lot harder than it looks. There is no real reason why a coder or a comedian would be good at starting a company. Yeah being the boss looks easy until you actually have to do it.

It would be very interesting to hear you elaborate on this, as from the outside it really does look pretty easy.

Doing all the work (at least at first), including convincing people to part with their money for your idea is easy?

The latter especially is incredibly stressful unless you're one of those people who don't give a fuck about others, their struggles and their things (I envy that btw).

Re: Almost-Billionaires (2014)

#13
post #2

Good point. I think though that being a entrepreneur and especially a manager is a lot harder than it looks. There is no real reason why a coder or a comedian would be good at starting a company. Yeah being the boss looks easy until you actually have to do it.

It would be very interesting to hear you elaborate on this, as from the outside it really does look pretty easy.

I think part of it is that it takes a lot longer to teach an engineer everything you know than it takes to make a piece of software great, and success may be impossible, and you probably won't get any credit. Who was Einstein's best teacher? Who was his best student? If nobody knows, is teaching a waste of time?

Re: Almost-Billionaires (2014)

#14

I had a dream once that I was hired by a rich man. I was given the freedom to hire the smartest people I could find and take on something challenging. It paid only room and board for me and my family, plus a small equity share in whatever we created. I would give anything for that dream to be a reality. Please, if you’re reading this and you’re a millionaire, have some fun making someone else’s dreams come true?

Consider adding contact information to your hackernews profile, so that the millionaires can reach out to you privately.

Re: Almost-Billionaires (2014)

#15

I had a dream once that I was hired by a rich man. I was given the freedom to hire the smartest people I could find and take on something challenging. It paid only room and board for me and my family, plus a small equity share in whatever we created. I would give anything for that dream to be a reality. Please, if you’re reading this and you’re a millionaire, have some fun making someone else’s dreams come true?

What do you want to build?

Re: Almost-Billionaires (2014)

#16
I can relate to this a lot. I am quite blessed to be multi talented and able to do various things easily. It gets to the point that I have too many hobbies and interests. But I think none of those hobbies can make me singularly focused. I become jack of all trades.

I am a software engineer by trade, doing regular web app business line applications. Work in FAANG salary. On the side I play music on weekend (acoustic guitar, electric guitar, bass, and singing). I do martial arts around 3 days a week. I have my outlet of creativity such as building PC for gaming and crypto mining rig, building aquarium/terrarium/vivarium scapes. I read philosophies, religion, economies, etc. I play PC games, I ride my motorcycle for leisures. I think I'm decently good at all those activities, signaled by people who came to me and ask me to build their stuffs or play in their band or compete in their tournament.

I keep jumping and trying to find more things to do. I don't have kids yet, maybe when I do things will going to change.

My hobbies aside, right now I find no motivation on starting a new software project for learning purposes. I feel that I am stagnant now in my software engineering skills.

I used to learn programming languages as a hobby. Those aren't interesting to me anymore. I don't know what to do next. I want to learn deeper like maybe learning how to create a game engine, or compiler, or even going hardware, or try learning electrical engineering or mechanical engineering for DIY hobby projects, but maybe I would get bored and eventually stopped doing those.

I don't know what else to do.

First world problems.

Re: Almost-Billionaires (2014)

#18
post #2

Good point. I think though that being a entrepreneur and especially a manager is a lot harder than it looks. There is no real reason why a coder or a comedian would be good at starting a company. Yeah being the boss looks easy until you actually have to do it.

It would be very interesting to hear you elaborate on this, as from the outside it really does look pretty easy.

I'm pretty partial to this vignette by Bryan Caplan[1] about how many headaches and road bumps there are, for even the smallest, simplest business you can think of.

"Back in February, I got the idea to create a COVID vaccination t-shirt (now on sale!). Reflecting on my past experience, I figured it would be easy...

My thinking: The whole process would be pretty fun, so I’d only need to sell a few dozen shirts to cover the cost of the contest and count the project a success. I’m still optimistic, but the process has definitely been much more aggravating than expected. A chronological list of snags...

And selling t-shirts on Zazzle is virtually the lowest-hassle business I can imagine running. Which makes me picture the horrors of creating and managing an actual business.

Indeed, I suspect that anyone who’s ever run an actual business has been rolling their eyes at my self-pity. Twelve little snags? Real entrepreneurs face more challenges every day. Unlike me, they have to coordinate a long list of products, each with their own attendant baggage. Unlike me, they have to manage a physical space. Unlike me, they have to hire and direct employees. And unlike me, they have to cope with a morass of government regulation.

I don’t care if actual businesspeople do roll their eyes at me; their can-do attitude in the face of endless obstacles still fills me with awe. Note further that in this very blog post I’ve already publicly complained more about my business woes than most businesspeople ever will."

[1]https://www.econlib.org/businesspeople-earn-every-penny/

Re: Almost-Billionaires (2014)

#19

I had a dream once that I was hired by a rich man. I was given the freedom to hire the smartest people I could find and take on something challenging. It paid only room and board for me and my family, plus a small equity share in whatever we created. I would give anything for that dream to be a reality. Please, if you’re reading this and you’re a millionaire, have some fun making someone else’s dreams come true?

Yeah, I imagine something like that so I could work on my lang/db engine (https://tablam.org).

But then, I wake up!. So moving a bit here and there and hope to find a small numbers of non-millonaires... hard, but possible?

Re: Almost-Billionaires (2014)

#20
post #6

About losing all motivation after financial independence, I've experienced it for myself. I'm not rich but I know how to live simply. What do I do with my time? I spend so many hours consuming random content on the internet nowadays. I feel kind of bad for the girlfriend, who has to listen to me regurgitate the content back to her. People looking in from the outside scratch their heads. Don't I have hobbies? Passions…

Thank you for sharing Philip Greenspun's blogpost. I read his blog 10 years ago and now I rediscovered it through your comment. I think his post is even better than the one I originally submitted.
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