I was sitting at home, revising my manuscript introduction and feeling jealous of all of my historian friends at the conference, when I got an email telling me my last and best hope for a tenure-track job this year had evaporated. I closed my laptop and walked out of my office.
Want to start a startup? Get funded by Y Combinator. If you wanted to get rich, how would you do it?
I think your best bet would be to start or join a startup. That's been a reliable way to get rich for hundreds of years. The word "startup" dates from the s, but what happens in one is very similar to the venture-backed trading voyages of the Middle Ages.
Startups usually involve technology, so much so that the phrase "high-tech startup" is almost redundant. A startup is a small company that takes on a hard technical problem. Lots of people get rich knowing nothing more than that. You don't have to know physics to be a good pitcher. But I think it could give you an edge to understand the underlying principles.
Why do startups have to be small? Will a startup inevitably stop being a startup as it grows larger? And why do they so often work on developing new technology? Why are there so many startups selling new drugs or computer software, and none selling corn oil or laundry detergent?
The Proposition Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four.
This pays especially well in technology, where you earn a premium for working fast. Here is a brief sketch of the economic proposition. You could probably work twice as many hours as a corporate employee, and if you focus you can probably get three times as much done in an hour.
Then there is one more multiple: Suppose another multiple of three. Combine all these multipliers, and I'm claiming you could be 36 times more productive than you're expected to be in a random corporate job. Like all back-of-the-envelope calculations, this one has a lot of wiggle room.
I wouldn't try to defend the actual numbers. But I stand by the structure of the calculation. I'm not claiming the multiplier is precisely 36, but it is certainly more than 10, and probably rarely as high as Startups are not magic.
They don't change the laws of wealth creation. They just represent a point at the far end of the curve.
There is a conservation law at work here: For example, one way to make a million dollars would be to work for the Post Office your whole life, and save every penny of your salary.
Imagine the stress of working for the Post Office for fifty years. In a startup you compress all this stress into three or four years. You do tend to get a certain bulk discount if you buy the economy-size pain, but you can't evade the fundamental conservation law.
If starting a startup were easy, everyone would do it. How do I get to be a billionaire, like Bill Gates?B.C.E., when Moses led the Jewish people in benjaminpohle.com wandered in the desert for forty years. Moses died, and Joshua took the helm and led the people into the land of Canaan, or the Promised Land.
Orientation Identification. The name of the country means "depths." It was so named by Christopher Columbus on his fourth voyage because of the deep waters at the mouth of the Tinto o Negro River off the Mosquito Coast.
We spent the month of August in benjaminpohle.com me, it was a return to a city that I had visited 25 years ago. Lisbon is a very popular place these days, attracting tourists with its beautiful architecture, tiled streets, sunny days (it is known as the sunshine capital), historic sites, and cuisine.
Misc thoughts, memories, proto-essays, musings, etc. And on that dread day, the Ineffable One will summon the artificers and makers of graven images, and He will command them to give life to their creations, and failing, they and their creations will be dedicated to the flames.
FREE COURSE THE WORLD, THE JEWS AND THE SCIENCE OF HUMAN SURVIVAL Anti-Semitism, division, separation, violent conflicts and a general breakdown of the institutions of human society.
From the era of slavery to the rise of Donald Trump, wealthy elites have relied on the loyalty of poor whites. All Americans deserve better. I’m just a poor white trash motherfucker.