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by quotient 4392 days ago
This doesn't detail "how" a teenage entrepreneur built a startup on BTC riches. It's not a very exciting story, either.

Here's what happened: in early 2012, he put all his money into Bitcoin. Then he cashed out when they peaked (probably around December 2013). Then he used the money to start yet another e-learning business/service.

I don't see what the point of this article is. He used money that was given to him to bet on speculate on a wildly fluctuating asset, and came out lucky. Now he's trying to invest his money sensibly. So what?

To me, the only interesting part of this article is that he pays most of his employees in Bitcoin. The rest is just fluff.

3 comments

To be fair, this is pretty much the typical entrepreneur-idolization media story:

1. Gamble someone else's money

2. Luck into winning

3. Use the proceeds to invest in something a little less risky

4. Rinse and repeat

5. Be pointed to as an example of how entrepreneurism is a path to success, ignoring the vast majority who don't get past step 1

Its an article on yahoo.com, are you actually expecting hard hitting reporting?
It's a link on Hacker News, so I would expect (or rather, hope) to not see links to uninteresting stories.
I agree. It's not like he's that smart. Just smart enough.