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by Epenthesis 1831 days ago
Of course it's unusual. If you're in SF and work in first tier startups/FAANG, your social circle is going to be mostly people in similar situations. It's a very unusually high earning and unusually rapidly high earning career path.

I would be shocked if in that specific cohort the median net worth at 30 was less than 500 k$. And if less than 1/10 were millionaires at 30.

1 comments

SF is a bit of a one-trick pony these days, sure, but to me this is a broad over-generalization that is easily proven false.

The individuals who occupy the upper-echelons of this world in SF tend to be the unusual kinds of unusual people. They often have unique upbringings, come from distinctly not-obvious academic/work backgrounds, and keep much more dynamic forms of company than the typical "Backend Engineer 3" at Amazon or Google.

This doesn't match my experience at all. I know a few extremely wealthy folks in SF, a bunch more wealthy folks but who still work 9-5, and there is nothing unusual about any of them. I've met CEOs and billionaires and there's nothing unusual about them, either.

Sure, maybe SF has more unusual kinds of unusual people than the average city, but I wouldn't say that's the norm. VC folks are especially boring.