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The Next Generation Bends Over

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Re: The Next Generation Bends Over

#211
post #198
post #197

Earlier quoted context omitted.

> Part of it is couching it all in the right terms. You aren't doing this for them, you're doing it for yourself. I don't like cheap vodka, I like the good stuff. I don't like Motel 6. Then don't bring it up again. That may be, but it depends on the people. There are people that could resent this and see it as you rubbing your money in their face.

That's why you don't bring it up again. This isn't theory; it works, at least for me.

> it works, at least for me.

It's just easier to say, "it works for me." By saying 'it works, at least for me,' you're claiming that it will always work everywhere 100% of the time... then saying "but I could be wrong." This is just anecdotal evidence. It's possible that none of your friends are the kind of people that would react that way, or that you have a personality that causes people to quickly forgive you for such things.

Re: The Next Generation Bends Over

#212

Earlier quoted context omitted.

> pay off close friends' debts Honorable, but basically flawed. Your relationship with your friends will change because of something like that, it is very very nice of you to want to share the wealth, but someone that has a sense of honour themselves will either have to refuse your offer or they will accept and it will hurt their sense about themselves. Should you ever find such wealth be very careful how you approac…

Had he suggested that he'd pay off his mother's mortgage, I doubt there would be many objections. For some of us, close friends are closer than family. If I came into a sum of money that enabled me to help the people closest to me, I'd do it in a heartbeat - and I'm quite certain that my friends would, too. I also can't imagine taking a heartfelt offer from a close friend as an "intrusion," but then I'm sure it depen…

I think the distinction isn't between family and friends- it's about the way different relationships work.

It would be okay to loan money to your parents or your children- there's a clear power relationship in both of these, of obligation both ways. It would be less okay to loan money to a sibling, where equal footing is a necessity for a healthy relationship.

Re: The Next Generation Bends Over

#213
I don't understand why the sale of Mint is regarded as the end to Aaron & co.'s great adventure. They're now free (and funded) to tackle another interesting problem, and let Intuit handle the inevitably boring business of running an established company.

I don't hear anyone criticize pg for selling Viaweb, and that sale was obviously what opened the door to the Y-Combinator experiment (which is much more interesting than running an established company).

There's a reason founders leave when the company "makes it", and its not the money.

Re: The Next Generation Bends Over

#214
post #152

Earlier quoted context omitted.

Apple is an outlier. Intuit is not.

"Outlier" just means it's a statistical oddity; anything can become an outlier, sometimes very quickly, if things change the right way.

Sure, but citing an outlier as an example as something that could happen isn't really meaningful, since it is so improbable.

Re: The Next Generation Bends Over

#215
RE All the talk of loaning/giving money to family/friends should one suddenly find themselves rich:

I have a long history of being a bleeding heart. I also come from an environment where "throwing money at the problem" is kind of the default mental model. So I've spent lots of time fantasizing about how I would improve the world/help people around me should I suddenly have money. Over the years, I have concluded that financial problems grow out of real problems, so in most cases just throwing money at the problem actually hurts a person's ability to solve the underlying real problem. If someone is convinced that "The Problem" is how much money they owe and you pay off their debts, it lets them off the hook for wondering if there is something about their lives they should change. (And in many cases, those debts will quickly pile up again because the cause of the debts was not resolved. My recollection is that about 2/3s of people who win the lottery are bankrupt 5 years later.)

For intractable personal problems, the odds are very good that the person with this intractable problem is very resistant to change and/or the problem itself is inherently difficult to overcome. In both cases, an easy way out of a portion of the consequences tends to undermine any hope they will buckle down and do the hard task of making the necessary changes. Also, paying off someone's debts inherently contains a judgement about how the money should be used. I have concluded that it would be better to just give someone money, no strings attached, no questions ask, no expectations, as a gift. And then not roll one's eyes and such when it isn't used the way one thought it ought to be. I have also concluded that if I want to help people address some serious personal problem, throwing money at the problem is not the way to do it. Some day, I might figure out how making money available could grease the wheels of progress towards a solution without causing all kinds of unintended negative side effects. Should I ever work that out in my mind, I might well found a charity. In the mean, I will share info and try to mind my own business.

Re: The Next Generation Bends Over

#216

Please. $170 million is "fuck you" money. Aaron and I'm guessing many of the top founders/executives made enough money to never ever have to work again. Fake revolutions are cute and all, but think of how awesome it would be to never ever have to work for the man again. They can do anything they want...for profit, not for profit, TBD (Y Combinator). This wasn't some BS talent acquisition; this was an absolute shitloa…

"Fuck You money" is such a myth. More on this soon in another post.

I think we're discussing an attitude that is a symptom of something deeper. Currently, it is not really legal to not make money. So, the majority of people work out of necessity, and do jobs they wouldn't choose otherwise.

Being able to stop working as an obligation and start working as an authentic contribution, passion and creation is an important and very, very satisfying lifestyle change.

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