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by toomuchtodo
263 days ago
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I buy a lottery ticket for $1, in a moment, with no further effort. A YC startup founder grinds for years, if not a decade, to reach IPO with unknown opportunity costs. They are not the same. How many lottery tickets over how many lottery draws to equalize the odds is a fun thought experiment to quantify a dollar value for the option premium. 17 YC IPOs over how many total YC founder years (Lifetime YC companies * # of founders * years YC company active, roughly)? (I’ve put a lot of thought into being a founder, from an aggressively data driven perspective about how to spend time, which is non renewable) |
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A more useful comparison would be a serious statistical analysis between startups and other occupations.