Re:How People Get Rich Now
by cblconfederate on Monday April 12, 2021 @01:32PM
(#26782383)
What about those billion-dollar companies that never made money but got acquired by FB, MS etc? Their founders did build a company, but if it wasn't for FAANG's insane profitability, which makes the cost of their moat so high, they wouldn't be worth that much. They essentially joined facebook as employees to make their billions.
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Re:How People Get Rich Now
by winkeltripel on Monday April 12, 2021 @03:55PM
(#26784335)
Average exit event (going public or getting bought) won't out-pay working for FAANG. The chances that it does are like 10%, and that's if there is a real exit, instead of just a wind-down.