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by SideQuark 588 days ago
Small businesses are no less viable than ever. Read some historical BLS and SBA stats, SUSB at Census.gov, or pretty much any proper place that tracks historical businesses data.

There’s literally tens of millions of small businesses, over 10% of the US working population is first gen millionaires.

Just because not everyone is Warren Buffet or the tech echo chamber here only looks at app style businesses doesn’t mean millions of people are not succeeding.

1 comments

Hold on, you are conflating two things. How many first gen millionaires got there through their own small business, compared to big corp RSUs?
The avg wealth of a small business owner is 3x a non business owner. Look up avg wealth by age and you do the math.

10% of Americans don’t get big corp RSUs. As I said HN lives in a weird tech echo chamber.

As I said, spend some time reading. I pointed out some good places to dig into this.