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by rdl 4995 days ago
It's also totally meaningless to use the population statistics for "all new small businesses" and try to extrapolate to "scalable tech startups in silicon valley".

I'd have probably 50-80% odds of building a successful consulting business or other small technology business which scales directly on labor, generates ~$100k/yr in profit per employee (over salary), up to a few employees, etc.

I'd have lower odds of building a hugely successful consumer startup like Facebook. I'd hope it's a touch higher than for a random farmer in rural China, but still not that great.

I think I have better odds than many for building something in between -- a business focused infrastructure/security startup, maybe not a 1b user $100b business like Facebook, but also not a consultancy. Plenty of $100mm/yr revenue opportunities in the b2b space.

Even if the expected return for each type of business were the same over all people, I probably have a comparative advantage in b2b, and other people may have a comparative advantage in consultancy or in huge consumer startups.