On: Bitcoin has little shot at ever being a major glob...

[wslh]

Since 2008, I personally know much more millionaires from the cryptoeconomy than from startups. Which makes me reorder the average guy lucky taxonomy from the luckiest "gambling" in descending order:

1/ Lottery

2/ Founding startups

3/ Working in startups (this item is from YC Startup School 2017 Episode 1)

4/ Cryptoeconomy

5/ Just working in the IT field in a place with high salaries, and saving/investing the money.

[charls_Aws → wslh]

I rem that YC startup school lecture], I guess what the speaker missed out was that it also takes a lot of skill or luck to actually figure out which startup to work in. Each of these startups claim to be rocketships but in reality, only maybe a 1% of these ships even take off the ground.

I personally know a few friends who have wasted their prime years working in startups which never took off.

[wslh → charls_Aws]

> I guess what the speaker missed out was that it also takes a lot of skill or luck to actually figure out which startup to work in.

That is true in the first stages but it is easier to predict it later on. For example, Microsoft created a lot of millionaires at later stages.

[siculars → wslh]

And so did google and Facebook and amazon. But the trick is that as an employee you had to be there relatively early on (within a few years) or you missed the boat. If you join one of these places now you’ll get a good salary and bonuses and stocks but it will take years to save a mil or two.