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…
Some example >1B companies off the top of my head: DataDog, Sentry, Snowflake, Okta, MongoDB
How to earn a billion dollars
931–940 of 1001 posts
Re: How to earn a billion dollars
#932I don't think there's anything insidious or controversial or misleading here. It's a simple talk to a bunch of clever students using contrived examples that emphasise this point.
Re: How to earn a billion dollars
#933Re: How to earn a billion dollars
#934Re: How to earn a billion dollars
#935I read pg's collection of essays (Hackers and Painters) in my 20s, and it single-handedly prevented me from being radicalized by leftist ideologies. The one insight from the book that I will always remember from the book is this: if you want to be rich, make something people want. Money is fiat to the value you've generated in growing the economic pie. It is in fact possible gain wealth ethically. However, there are…
Strap in folks, this is going to be a doozy
> The one insight from the book that I will always remember from the book is this: if you want to be rich, make something people want.
and then there's “Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.” https://biblehub.com/matthew/19-24.htm
> Money is fiat to the value you've generated in growing the economic pie.
This is gibberish, fyi (in case you didn't know) -- I can't even begin to de-garble it
> It is in fact possible gain wealth ethically.
I think this does get to the crux of the matter. I grant you that there is a sizable chunk of the population, most of them lefties, that do believe this. I personally, as a matter of principle, do not believe this. However (you just knew there was a however) I think it is let's say tricky to accumulate a vast amount of wealth obscene wealth ethically. We know from wage stagnation https://aflcio.org/2015/1/15/five-causes-wage-stagnation-uni... that the system is rigged. So fair play to anyone that opts out of playing the game and decides to join the rentier class https://www.encyclopedia.com/social-sciences/applied-and-soc... More power to them, but let's not pretend the system itself isn't lopsided, captured, rigged, and unfair.
> However, there are several addendum to this argument:
addenda is the plural of addendum
> It's actually a major PR failure that people think Jeff Bezos or Elon Musk when they think of billionaires; If we can ignore their character for a second, these guys are actually hyper-productive and they've created immense wealth for society and are compensated in a power law sort of way.
This Jeff Bezos? https://www.btimesonline.com/articles/177080/20260414/amazon... Or this Jeff Bezos? https://metro.co.uk/2025/09/24/inside-never-ending-nightmare... Or this Jeff Bezos? https://www.epi.org/publication/corporate-union-busting/
Oh, he's so hyper-productive
> 1. Most billionaires are hedge fund or private equity managers whose name no one has ever heard of. They provide liquidity or allocate capital or something.
fun fact: “Before founding Amazon in 1994, Jeff Bezos worked at D. E. Shaw & Co., a quantitative hedge fund in New York. He was there from 1990 to 1994, becoming a senior vice president by age 30.”
What I'm not saying. I'm not saying that Mr Bezos isn't a smart guy. I'm not saying that he isn't hard working. I'm not even saying Amazon isn't an amazing company.
> If we can ignore their character for a second
No, I am unwilling to, why should we?
Look, I'm not anti-capitalist. I look up to Elon Musk. I think what he has built and is building are astounding human achievements. Musk and Bezos didn't create this lop-sided system and I am not going to fault them for taking advantage of it. But as I said before -- let's not pretend there's some magic exponential money tree that some among us are just ever-so-gifted at growing for themselves and acknowledge the system is broken for the majority of people. It takes a special sort of myopia to ignore the obvious and plentiful social ills of the day. And do not take this as an attack on the system itself. As I said, unlike many other I am not an anti-capitalist. I do not believe that capitalism is inherently evil or wrong or bad or whatever.
> 2. Rich people make money with money - in the form of dividends, interest, rent, etc. Poor people trading labor for money. Salary only scales linearly; therefore, generating value for society is only half of the equation, you must also have ownership, or slowly invest your earned capital to eventually make money with money (i.e. retirement).
Yes, we know how the world works
> 3. There must be a growing economy, otherwise it's a zero-sum game; a fixed-sized pie. In a stagnant economy, the customers you gained are customers another company lost. The wealth just shuffle hands from laid off workers to your employees. I think this is why Jeff Bezos once remarked that a stagnant economy is incompatible with free democratic society.
??? what's the size of the pie and whether it's growing or not got to do with anything. The problem centers on the how unequal the relative sizes of the slices of the pie everyone is getting over time. Which leads us to wealth redistribution. You lot (you and pg and people like you) can call the rest of us "radical leftwing ideologues" all you like but the longer this inequitable dynamic goes on the likelihood of a violent revolution goes up. If you want to avoid pitchforks and guillotines and "eating the rich" (I'm not advocating any of this btw, I'm just saying that this is where ignoring structural inequalities leads) -- you know way back when they used to have debt jubilees because they our forefathers recognised that inequality (growing inequality between the haves and the have-nots to be precise) is a fundamental truth of the world, an iron law akin to the law of gravity.
> 4. There must be a new frontier, otherwise the chance of success is pretty much zero. Software is this generation's new frontier.
No, what must happen is that when you find yourself writing a string of non-sequitur gibberish … the sane rational self-preserving piece of your brain must stop feeding the gibber-crank oxygenated blood
> There are no bars to entry. You just need a laptop and the skill to arrange symbols on a screen in the right order.
As the kids say "wow, just wow"
> It's literally alchemy.
It's literally and metaphorically not.
> On the other hand, non-software startups can't just do things. In many cultures, maybe due to their lack of growth, "entrepreneur" is actually very low status. It's synonymous with ne'er-do-well who can't find proper work. In the case of USSR before its collapse, it's synonymous with literal thieves and black market thugs.
I would say it's almost a guarantee that going by the rest of what you've written here this short snatch is undoubtedly horseshit
PG's essays function as ideological inoculation for a specific demographic — young, technically skilled, meritocratically inclined. They don't prevent radicalization; they redirect it from class analysis to techno-libertarianism. You think you've avoided leftist ideology, but you've absorbed a different one: the "just-world" fallacy with startup characteristics.
Re: How to earn a billion dollars
#936Re: How to earn a billion dollars
#937Earlier quoted context omitted.
Having been on HN for 15+ years I have found it fascinating to witness the fawning and adulation over pg blog posts completely reverse and everyone has turned on him now. It used to be if you criticized anything in his blogs you’d get downvoted to oblivion. Now criticism is the norm. As far as I can tell it’s less a change in pg’s viewpoints (though the topics have evolved, and he has gotten more transparent perhaps)…
Compared to 2011, HN turned from optimistic techno-enthusiasts who couldn't wait to see new stuff around the corner into an aging millenial club, just like reddit. I used to come here every day and talk to people, and how I hardly do it once a month. I think it's mostly demographics. Most people my age (I'm 38) have to come to terms with the fact that their most energetic age and most of their opportunities are alrea…
Why would it be an unpleasant realization that you are less successful than 0.00012% of the world’s population? There is arguably something sick about a system that can make a significant number of people feel this way.
Re: How to earn a billion dollars
#938Earlier quoted context omitted.
What if -- bear with me here -- it's possible for bright, motivated founders to create startups that your kids can work in, but those founders could be content with merely making a hundred million dollars? Because, and I don't know if you know this so you may have to take it on faith, that is still so much money that said founder and their family and very likely their descendants can live in extreme luxury for the re…
How about we set a maximum wage instead of a minimum wage? But it's not a set number. It is a maximum multiple of the lowest paid employee at a company? 10x should do it. If the CEO wants a million each year then the lowest paid employee still gets 100k. I'm trying to think of why this wouldn't work.
Re: How to earn a billion dollars
#939We dont want a billion dollars. We want a life that’s worth living. Not hamster wheels in a world of corporate T.rexes looking to consume the young. Go f@ck yourself.
Re: How to earn a billion dollars
#940But the accounting difference is real. It is virtually impossible to earn a billion dollars. What is possible but still difficult is to create something worth a billion dollars which you can then sell if you choose so. And to the people criticizing, this is cheating. To them, a billion dollars enterprise is not possible without the exploitation of employees, customers, or at least the environment. Also, the most impo…
It's pretty hard for someone to make something worth a billion dollars then sell it, because someone else could make the same thing and undercut you. We even have a word for the way around this: 'moat.' In the 2000s 'network effects' were the most common moat, and they seemed a little crappy but not outrightly evil. Now the most common scheme seems to be breaking law until your big enough for the rules to not apply.…