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Become a Billionaire Part II: You're Not Even Trying | Applied Divinity Studies

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On Reddit, the comments are skeptical. Respondents suggest that perhaps there are more important things in life than money, and even if you do start a company, selling it for $10 million is better than risking it all for a chance at a billion dollar exit. Which is funny, because those are precisely my reasons for optimism. When you hear that the success rate for startups is low, or that very few founders succeed in hitting billion dollar valuations, remember that you’re including the entire population of people who, it turns out, actively don’t want to become billionaires in the first place. What you should be asking is, what are the odds of becoming a billionaire, conditional on actually wanting to? Conditional on even trying? Conditional on not machine gunning yourself in the foot? As it turns out, the mere willingness to not sell matters a lot. Here’s Peter Thiel: The most important moment, in my mind, in the history of Facebook, occurred in July of 2006. The company had been around

2021-07-09 Follow up to Life Advice: Become a Billionaire . On Reddit, the comments are skeptical . Respondents suggest that perhaps there are more important things in life than money, and even if you do start a company, selling it for $10 million is better than risking it all for a chance at a billion dollar exit. Which is funny, because those are precisely my reasons for optimism. When you hear that the success rate for startups is low, or that very few founders succeed in hitting billion dollar valuations, remember that you’re including the entire population of people who, it turns out, act

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