Re:Apple has €13bn Irish tax bill overturned
by macNchz on Wednesday July 15, 2020 @02:44PM
(#23849752)
I think your experience is likely the most common, but ultimately the "startup ecosystem boosting" effect being discussed really only needs the occasional company to come along and dramatically outperform, creating a couple hundred new startup-minded millionaires who want to invest or create their own companies.
Re:Apple has €13bn Irish tax bill overturned
by alpha_squared on Wednesday July 15, 2020 @03:35PM
(#23850499)
When a company has that sort of exit or IPO that results in a couple hundred new millionaires, it also usually has at least a couple thousand non-millionaires. That still sounds like a far cry from "most" becoming rich.
Do most startup successes (which themselves are quite rare) result in most employees becoming rich? I've had my share of successful startup experience as an employee, and there was a nice payoff, but I'd hardly call it "rich" in any accepted definition of the word. At best, it's made up for the time I spent being underpaid compared to market rates.