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A comment on Startup Winter: Hacker News Lost Its Faith. Parent comment

Re:Startup Winter: Hacker News Lost Its Faith by troupo on Tuesday January 21, 2025 @06:54AM (#42779146)
> If you join early, got plenty of stock options and the startup turns into a unicorn, those millions are totally possible

That's the thing: there's literally no business idea in most startups beyond "sell to the highest bidder at 1B+ valuation". And the rest are hoping to coast on unlimited investor money.

That's it.

There are no business plans of, you know, building a sustainably profitable company.

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Re:Startup Winter: Hacker News Lost Its Faith by Traubenfuchs on Tuesday January 21, 2025 @01:59PM (#42783947)
For me the better question is: Why is anyone with enough money to invest in startups not just investing that money in a safe index fund or real estate instead?
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Re:Startup Winter: Hacker News Lost Its Faith by troupo on Tuesday January 21, 2025 @04:52PM (#42785576)
Gambling is an addiction :)

Also, if you manage to get rich, you can afford more risks... in the hopes of getting even richer

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Re:Startup Winter: Hacker News Lost Its Faith by Traubenfuchs on Wednesday January 22, 2025 @10:24AM (#42793766)
> Also, if you manage to get rich, you can afford more risks... in the hopes of getting even richer

I lacked the empathy to consider it from that perspective.

I guess "Even if I got rich, I would play it safe." is just my poor people scarcity mindset instead of an abundance mindset.

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Re:Startup Winter: Hacker News Lost Its Faith by troupo on Wednesday January 22, 2025 @11:17AM (#42794361)
> I lacked the empathy to consider it from that perspective.

It wasn't my original idea either :)

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