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A comment on Downsides to working at a tech giant. Parent comment

Re:Downsides to working at a tech giant by scarface74 on Monday December 23, 2019 @02:40PM (#21866598)
Work at startups because you’ll work with people who have risk profiles that are much more likely to generate outsized returns as a group.

This is statistically not true. S&P 500 Index funds have outperformed VC's as a group for any reasonable time period.

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Re:Downsides to working at a tech giant by account73466 on Monday December 23, 2019 @03:32PM (#21867094)
I can imagine this to be true but do you have a source for that information?
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Re:Downsides to working at a tech giant by scarface74 on Monday December 23, 2019 @03:56PM (#21867295)
https://www.vox.com/2014/9/14/6137473/venture-capital-return...

And related.

https://www.investopedia.com/articles/investing/030916/buffe...

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Re:Downsides to working at a tech giant by account73466 on Monday December 23, 2019 @04:52PM (#21867767)
Thanks for the links! I am aware of the Buffet's bets but I did have a feeling that some VCs can be quite profitable especially the ones which invest in future government contractors and/or future surveillance facilitators.
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Re:Downsides to working at a tech giant by scarface74 on Monday December 23, 2019 @04:55PM (#21867794)
The VCs are always profitable - for themselves. They get 20% returns no matter what. Their investors on the hand....
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Re:Downsides to working at a tech giant by keithwhor on Monday December 23, 2019 @02:49PM (#21866673)
You’re making this (single startup) v. (single S&P company). That’s not how it works. Prove yourself at being an adept generalist and you’ll, over time, create access to the most ambitious people and companies.
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Re:Downsides to working at a tech giant by scarface74 on Monday December 23, 2019 @02:51PM (#21866695)
I’m doing just the opposite. I’m comparing VC funds in the aggregate to stocks in the aggregate using VC funds returns as a proxy for startup returns.

I think that’s fair. By definition you can’t invest in bootstrapped “lifestyle companies” and they rarely have “outsized returns”.

There are a lot of “ambitious people” who have failed that you never hear about.

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