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How to earn a billion dollars

paulgraham.com

891–900 of 1001 posts

Re: How to earn a billion dollars

#891
post #541

> There are other ways to get rich than by starting startups. Some of those do require you to exploit people. But startups are the most common way to become really rich, and if you want to start a successful startup, the key is not exploitation but empathy. What do users really want? To have illegal hotels that then help keep a generation out of home ownership? To have an exchange for cryptographic tokens that are us…

I am going to stand more on the “the key is not exploitation but empathy. What do users really want?“ I’m sorry Mr Graham, but that’s not what empathy is. A casino understands what its “users” want. So does a drug dealer. Empathy is caring about how your actions affect other people as well, and caring about those effects. Let’s not encourage the dilution of the word empathy.

The dictionary definition of the word empathy does not conflate it with sympathy, at all. It is simply "the action of understanding, being aware of, being sensitive to, and vicariously experiencing the feelings, thoughts, and experience of another" and has fuck all to do with whether or not you have the other's best interests at heart.

Paul Graham writes with precision, and he has written extensively and correctly about empathy. Now, does this mean that he is incapable of hoping that some of his readers conflate empathy with sympathy? Not at all. You have incorrectly made this conflation, but correctly understood that he is not describing behavior borne out of sympathy. Others may incorrectly make the same conflation and incorrectly understand that he is sympathetic.

But Mr. Graham himself wrote extensively on empathy, 23 years ago ( https://www.paulgraham.com/hp.html ):

"Like painting, most software is intended for a human audience. And so hackers, like painters, must have empathy to do really great work. You have to be able to see things from the user's point of view.

When I was a kid I was always being told to look at things from someone else's point of view. What this always meant in practice was to do what someone else wanted, instead of what I wanted. This of course gave empathy a bad name, and I made a point of not cultivating it.

Boy, was I wrong. It turns out that looking at things from other people's point of view is practically the secret of success. It doesn't necessarily mean being self-sacrificing. Far from it. Understanding how someone else sees things doesn't imply that you'll act in his interest; in some situations-- in war, for example-- you want to do exactly the opposite."

Now, if you read that carefully and don't conflate empathy with sympathy, you can understand that, for someone like Mr. Graham, empathy is orthogonal to exploitation -- it's a guide to maximum value extraction over the long term, which may or may not require exploitative techniques, depending on the circumstances.

Re: How to earn a billion dollars

#892
post #513

PG missed her point to an astounding degree. I’m sort of dumbfounded at this level of misinterpretation.

> PG missed her point to an astounding degree.

To be frank, this seems unlikely.

> I’m sort of dumbfounded at this level of misinterpretation.

It is difficult to get a man to understand something when his salary depends upon his not understanding it.

  -- Upton Sinclair
Obviously, Paul Graham could understand, and I submit he does understand, and he doesn't even have to worry about a salary, but, like a not-quite-so-jaded version of a Koch brother or a Walton, he has a point of view to maintain and propagate.

Re: How to earn a billion dollars

#893
post #509

The amount of negativity to this is depressing. No one seems to be contradicting anything he's saying here, instead it's just vacuous ideology "extraction" etc etc. Purposely narrow reading. I've got kids, I want people creating start ups they can work in, the alternative is too grim.

Why do you think no one is contradicting him? The exponential growth model that pg presents is an obvious lie - you could use his exact explanation to claim that good founders will soon become trillionaires, all it takes is 9 months of 93% growth after your first few billions; quadrillionaires will soon follow. The obvious reality is that exponential growth is just a small phase in any company's history, and it is an…

Some example >1B companies off the top of my head: DataDog, Sentry, Snowflake, Okta, MongoDB

Re: How to earn a billion dollars

#894
post #509

The amount of negativity to this is depressing. No one seems to be contradicting anything he's saying here, instead it's just vacuous ideology "extraction" etc etc. Purposely narrow reading. I've got kids, I want people creating start ups they can work in, the alternative is too grim.

Why do you think no one is contradicting him? The exponential growth model that pg presents is an obvious lie - you could use his exact explanation to claim that good founders will soon become trillionaires, all it takes is 9 months of 93% growth after your first few billions; quadrillionaires will soon follow. The obvious reality is that exponential growth is just a small phase in any company's history, and it is an…

You didn't prove him wrong.

You and Paul are both claiming it's extremely hard.

A restaurant won't scale - most ideas won't scale - because they're not useful enough.

These companies are not criminal enterprise and they don't steal money or threaten them with violence: they just offer them products and ecosystem and most people are dumb enough to ruin their life with it. Don't get me wrong: I hate them and I ban social media for my kids, but it doesn't make them evil.

The bad actors are thugs with guns stealing your purse and the government stealing your tax money or threatening you with jail.

To give another, less controversial example, I don't think companies selling products with sugar and seed oils are bad, even though they likely have the highest combined reduction of life expectancy across all people - but I hate them too.

Re: How to earn a billion dollars

#895
post #859

Earlier quoted context omitted.

There is a bubble here. Running ones own business is, on the overall, better than being employed especially given the current world. However, that doesn't automatically equal to startups. There are people who are running their own brick and mortar businesses. They're not billionaires or even millionaires but they've crossed the point where lack of a reliable source of wealth is a source of misery for them. Surely, th…

Healthcare is one place that gives me pause when considering going back into business for myself and my family while living in the US.

I guess it depends greatly on where one lives etc. This is a concern I've heard from all my friends in the States.

Re: How to earn a billion dollars

#896
post #815

Someone told me it was impossible to become an avogadrillionaire (to have a net worth of one mole, or approximately 6.02 x 10^23 dollars.) Now there's this founder I know whose startup grew 93% last month. Let's be conservative and say she has 2 million dollars. Let's calculate how many months of 93% growth it takes for something to grow 301,100,000,000,000,000x. The log base 1.93 of 301,100,000,000,000,000 is 61.209…

Yes, it is impossible? If you owned everything on earth you still would not be an avogadrillion-aire.

thatsthepoint.jpg

Re: How to earn a billion dollars

#897
post #509

The amount of negativity to this is depressing. No one seems to be contradicting anything he's saying here, instead it's just vacuous ideology "extraction" etc etc. Purposely narrow reading. I've got kids, I want people creating start ups they can work in, the alternative is too grim.

Why do you think no one is contradicting him? The exponential growth model that pg presents is an obvious lie - you could use his exact explanation to claim that good founders will soon become trillionaires, all it takes is 9 months of 93% growth after your first few billions; quadrillionaires will soon follow. The obvious reality is that exponential growth is just a small phase in any company's history, and it is an…

[deleted]

Re: How to earn a billion dollars

#898

Earlier quoted context omitted.

Why do you think no one is contradicting him? The exponential growth model that pg presents is an obvious lie - you could use his exact explanation to claim that good founders will soon become trillionaires, all it takes is 9 months of 93% growth after your first few billions; quadrillionaires will soon follow. The obvious reality is that exponential growth is just a small phase in any company's history, and it is an…

You didn't prove him wrong. You and Paul are both claiming it's extremely hard. A restaurant won't scale - most ideas won't scale - because they're not useful enough. These companies are not criminal enterprise and they don't steal money or threaten them with violence: they just offer them products and ecosystem and most people are dumb enough to ruin their life with it. Don't get me wrong: I hate them and I ban soci…

> they just offer them products and ecosystem and most people are dumb enough to ruin their life with it.

Also an argument for El Chapo and friends (if we didn't criminalize their products and add the violence around the trade, see Alcohol and Tobacco).

> - but I hate them too.

Why do you hate them if you don't think they are bad?

You seem to be saying, "it's not illegal; I will hate it, but it is not bad". What is "illegal" is an arbitrary classification that different countries choose. That's the point of what the unnamed politician (it's AoC I think?) is saying: those things should be illegal.

Re: How to earn a billion dollars

#899
post #855

Earlier quoted context omitted.

The worlds is grim because billionaires have a large part of the cake and the rest has to fight over the crumbs. Billionaires are a sign of a failing systems because nobody earns a billion dollars. What do you think why many important jobs are badly paid while some CEO gets a billion dollars. Didn’t you see in the pandemic where the real important jobs are and did you realize how low their payment is? BTW it’s intere…

> The worlds is grim because billionaires have a large part of the cake and the rest has to fight over the crumbs. et tu hn? I am tired of seeing this nonsense on social media (it's particularly bad on reddit, where /r/antiwork and it's offshoots keep hitting the front page) - Wealth is not a zero-sum game - Yes, billionaires shouldn't exist because they're a symptom of a broken system - And they don't exist on a lon…

Most people are only able to vote for candidates that are chosen and campaigned by the monied interests. We can blame the people for not seeing how the system works sooner… but really that’s not who is acting out of line…

Re: How to earn a billion dollars

#900
post #855

Earlier quoted context omitted.

The worlds is grim because billionaires have a large part of the cake and the rest has to fight over the crumbs. Billionaires are a sign of a failing systems because nobody earns a billion dollars. What do you think why many important jobs are badly paid while some CEO gets a billion dollars. Didn’t you see in the pandemic where the real important jobs are and did you realize how low their payment is? BTW it’s intere…

> The worlds is grim because billionaires have a large part of the cake and the rest has to fight over the crumbs. et tu hn? I am tired of seeing this nonsense on social media (it's particularly bad on reddit, where /r/antiwork and it's offshoots keep hitting the front page) - Wealth is not a zero-sum game - Yes, billionaires shouldn't exist because they're a symptom of a broken system - And they don't exist on a lon…

>- Wealth is not a zero-sum game

It literally is, though. For one's wealth to grow, the wealth of others must shrink. You could print more money, but that'd just result in inflation reducing everyone's wealth.

If you intend to say value is not a zero-sum game, I agree.

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