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A comment on Why Not To Do A Startup. Parent comment

Re:Why Not To Do A Startup by kingkongrevenge on Wednesday March 19, 2008 @10:17AM (#140806)
I'm a little confused why there's so much focus specifically on startups, where "startup" means a liquidity event focused venture. I thought the goal was just to make a lot of money, not do it in a specific way.

I think the highest EV is from founding a private going concern and pocketing profits over the course of ten years. Statistically the majority of millionaires are entrepreneurial sole proprietorships or partnerships. We're talking about people who bought or built a few car washes and ran a tight ship, or built a reputable private accounting practice.

I don't know this for a fact, but I bet a lot more people have got wealthy (by my standards) from software contracting and ISV work than from startups.

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Re:Why Not To Do A Startup by suboptimal on Wednesday March 19, 2008 @11:53AM (#140880)
That was my impression, too--the article seemed to focus more on the VC path to success, which is like making it big as a professional athlete or entertainer.

For contractors and ISVs, I suppose you have to find a profitable niche.

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