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alexawarrior2

Re:How to Not Get Screwed over as a Software Engineer on Thursday November 02, 2023 @04:25PM (#38119606)
If that's how you want to spend your limited time on earth, more power too you. Sounds like one of Dante's circles of hell to me.
Re:How to Not Get Screwed over as a Software Engineer on Thursday November 02, 2023 @04:22PM (#38119546)
Amen brother/sister. Was founder, co-founder, early employee, or investor in eleven startups, ten of which went out of business or were bought with no net equity earnings for myself, one of them had a $250m exit from which I netted $130k, after seven years. It's not that retirement-level-net-earnings startups never happen, just that they happen only about 1 out of every 1000 times on average according to my research. The exception being, every additional $1m of net worth you have before you found increases your odds of success, up to around 50% success rate with a net worth over $10m (going towards HNWI territory). So being middle class your startup investments are lottery-level, but if you're already rich they're more of a calculated investment.

tl;dr only capitalists - the existing 1% - have an odds-on shot at startup success