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by dmitrygr 3703 days ago
Silicon valley is built on naive dreamers who time and time again expect to make money as startup employees against all rules of logic and contrary to historical data.
3 comments

Why don't people understand, you don't get rich without risking capital.

Yes, your time is capital. But not when you've already traded it for salary.

Brokers risk their time to try to sell speculative deals. This is why they make a chunk of the deal. No guarantee.

Lawyers get paid by the hour for their time. This is why they can earn a nice living but won't get wildly rich unless they take speculative cases on contingency.

What did the founder risk? OtherPeoples'Money?
Not sure why they're naive. Even if you don't get rich you still make very good money and get nice perks. Why must the end goal to be filthy rich?
Most startups don't even pay enough to rent a 2br apt. Must the end goal be to be single and family-less forever? ;)
From what I can see, the odds of getting rich through stock options at a startup are similar to winning the lottery.