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I am done. I give up

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Re: I am done. I give up

#502
Ah, you mean those influencers that make money through talking about how they make money? That only works for them as - not the most perfect analogy but it does the job - the top of the pyramid.

Re: I am done. I give up

#503
post #152

Earlier quoted context omitted.

> But most successful entrepreneurs I know started their first successful company in their 20's or 30's, rarely 40's. Jeff Bezos? This is a myth. It is purported because most of the 30+ entrepreneurs are not vocal about their successes.

Bezos was 30.

38

Re: I am done. I give up

#504
post #211

Earlier quoted context omitted.

The average American watches 4 hours a day of TV. Most startup founders work other jobs while building their project - if they can afford to fail, it's because they have that other job. But they're spending those four hours (and many, many more) on labors of love. Sure, there are some trustfund kids who get to play founder and have the odds stacked in their favor, but that's neither the soul nor the joy of starting y…

The TV numbers are surely skewed by retirees? Who built their billion dollar company while working a day job again?

If you have a billion dollar company there are better sources of entertainment than binge watching tv. I would assume half literate serfs are watching the most tv.

Re: I am done. I give up

#505

Earlier quoted context omitted.

I looked up taxation in Norway, it looks very similar to ours. Personal marginal tax rates cap at 48% and corporate taxes are 23%. What am I missing? https://en.m.wikipedia.org/wiki/Taxation_in_Norway

You’re missing the wealth tax. 1.1% of global wealth, including unrealized gains of startup share positions. https://www.skatteetaten.no/en/rates/wealth-tax/

Not a problem for a startup surely, they have debts not wealth.

Re: I am done. I give up

#506
post #200
post #133

Earlier quoted context omitted.

One of the privileges people don't often think about is being able to afford to fail. If you don't risk destitution after your startup fails, you can try and fail many times, learn and try again. It's like continuously rolling two dice, and you only need to get double sixes once, and after that it's private jets until you die. One of the many reasons the rich get richer and the poor, well you know how it goes.

This is one of the underappreciated benefits of the Nordic-style welfare state: everybody can afford to fail. Unfortunately it's rarely discussed in society as such. The political parties that built these welfare states have traditionally been associated with worker unions, and entrepreneurship isn't high on their agenda. The Nordic right-wing parties got ideologically married to Thatcher-style neoliberalism and pref…

Absolutely, and this explains largely why most of the massively successful startups we all know comes from the Nordics and not from places with poor social security like the USA

Re: I am done. I give up

#507
post #119
post #10

A big fact of the entrepreneur world is that it is hugely based on luck. Luck of finding the right idea, the right market, the right timing, the right connections, the right customers, the right employees, the right financing. The basic fact is that most startups and most entrepreneurial dreams fail or get consumed by another for their talent/clients. And as an entrepreneur you fight against all odds. Most will fail…

> A big fact of the entrepreneur world is that it is hugely based on luck. Luck of finding the right idea, the right market, the right timing, the right connections, the right customers, the right employees, the right financing. This is not true! I have seen successful business built from scratch by people who had no connections, no money and no privileged background (and no VC money). And I will say this for sure, i…

Luck doesn't mean you didn't work hard. It's just that intangible that explains why 2 people can work and hustle the same amount and have differences in results.

Re: I am done. I give up

#509

Earlier quoted context omitted.

[flagged]

If the likely financial outcome were the same between making music and writing software for banks or insurance companies, I sure as hell wouldn't go anywhere near a computer. Do you think people do Office Space style work out of the goodness of their own hearts? > That’s frankly ridiculous. The feeling is mutual.

Uh, have you heard of open source software?

The world is full of software that people built because it’s interesting and/or useful. Linux for example was created as a hobby project during college.

People love to create. Just because YOU wouldn’t touch software doesn’t mean it’s true for everyone.

Re: I am done. I give up

#510

Earlier quoted context omitted.

> (work for almost 2 decades as an engineer just so you can afford the average one family home - what a joke!) I really don't understand this take. Why so many engineers feel entitled to have more than the average working Joe? If you are employed, our work is not risky, doesn't consume all your energy or your time, and so on. I fully understand the _economics_ behind our salaries, but I am more than happy to give 45%…

> I really cannot grasp the individualism about "I know how to write code, I deserve a better life than 95% of the population". You're missing something here. You can omit the first sentence. People already believe they deserve a better life than 95% of the population, even without being able to code specifically.

That's... illuminating. Really. It's a sad take, but could completely be true.

It's not "I am a engineer, thus I deserve to have more", it's "I deserve more, what part of my life can I use to say this?".

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