| “ Since we started it in 2005 we've funded about 6500 companies. Starting a successful startup is the most common way to become a billionaire, so in effect I've spent the last 21 years training people to become billionaires. So far about 30 of them have,” So in 21 years and 6500 companies (and turning away multiples more) he has seen 30 billionaires. Now if you take some examples: Zuckerberg stole the idea and then pushed his cofounder out Uber drivers were recruited without sufficient vetting and committed crimes inc rape of women Tesla put out self driving that led to deaths And so on I’ve previously worked for a company owned by the founder who became a billionaire at around 60 and he started the company in 20s and it was a solid company that looked after the employees and customers. He could have been a billionaire much faster if he had been a scumbag |
People who are billionaires now are people who were lucky enought to get on top of the baloons that actually flew and continue to self-inflate and stayed there while pushing everybody else off of them.
If the process of balloon selection wasn't mostly random, pg would have help found 30 conpanies instead of 6500.