[scrozier]

You're making a giant logic error. It may well be true that most self-made millionaires started a company. It is certainly not true that most people who start companies become self-made millionaires, which was the premise of your original post.

[hansvm]

I think the more salient question is whether starting a company is the most reliable way to become a self-made millionaire (one of the things they're actually claiming), which could be true even if the chances were low. The parent comment's error (or perhaps an intentional omission if for example they thought it to be self-evident) is in not taking into account the volume of people starting companies vs the volume of people doing other things which could turn them into millionaires.

On that note, I do think there's a flaw in the logic or premises (or unstated assumptions -- maybe "millionaire" is code for some larger quantity of wealth) somewhere. A decade in FAANG with conservative spending habits will easily create a millionaire with a near 100% success rate, and it would be surprising if starting a company would have better odds than that.

[dvt]

> ...most people who start companies become self-made millionaires, which was the premise of your original post.

This is a complete fabrication. I never said that, directly or indirectly. In fact, I've said multiple times in this thread that 9/10 startups fail and that startup life is a "lottery" but people still choose to do it for reasons X, Y, or Z.