Strange Angels by Lili St.
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?
So let's get Bill Gates out of the way right now. It's not a good idea to use famous rich people as examples, because the press only write about the very richest, and these tend to be outliers. Bill Gates is a smart, determined, and hardworking man, but you need more than that to make as much money as he has.
You also need to be very lucky. There is a large random factor in the success of any company. So the guys you end up reading about in the papers are the ones who are very smart, totally dedicated, and win the lottery.
Certainly Bill is smart and dedicated, but Microsoft also happens to have been the beneficiary of one of the most spectacular blunders in the history of business: No doubt Bill did everything he could to steer IBM into making that blunder, and he has done an excellent job of exploiting it, but if there had been one person with a brain on IBM's side, Microsoft's future would have been very different.When people think about starting a business based on online content, they naturally think of making money with advertising.
Truth is, that's harder than it sounds, . The Monster Librarian Presents: Reviews of Horror Anthologies and Collected Works. A page for describing Characters: Monster High. This is the main page, or the page for characters not introduced in specials. For the ones that were, click . A girl created by Frankenstein's Monster and his bride (mad scientists in this universe), and their daughter.
In most Generation 1 continuities, she was stated to only be 15 days old at the start and attended high school as the "new girl". Keep up-to-date with the latest advice from the College Essay Guy on writing your essays and college admissions.
May (This essay was originally published in Hackers & Painters.) If you wanted to get rich, how would you do it? I think your best bet would be to start or join a startup.
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