>That's why founders sometimes get so rich so young now.
It is true. Sometimes young people get really rich while they are really young. Sometimes you can toss a coin 30 times and you can get all heads. I don't see why deceptively call it "sometimes" when in reality saying almost never would be heck of a lot truer.
>You could get rich from starting your own company in 1890 and in 2020, but in 1960 it was not really a viable option. You couldn't break through the oligopolies to get at the markets.
I am guessing by PG's definition having an internet connection is "getting at the market". To create a startup at 2021 in tech sphere you need to have a ridiculously unique skill-set. I haven't heard of any recent succesful start-ups that just does writes to DB and renders something on the screen. If there was such a low-hanging fruit big companies would simply copy the best features overnight and make you obsolete.
When tons of people are getting at a market it means lots of competition which means you need to further reduce the competition space by using geography, connections or wealth.
Tl;dr: You almost never get rich from starting a company.
It is true. Sometimes young people get really rich while they are really young. Sometimes you can toss a coin 30 times and you can get all heads. I don't see why deceptively call it "sometimes" when in reality saying almost never would be heck of a lot truer.
>You could get rich from starting your own company in 1890 and in 2020, but in 1960 it was not really a viable option. You couldn't break through the oligopolies to get at the markets.
I am guessing by PG's definition having an internet connection is "getting at the market". To create a startup at 2021 in tech sphere you need to have a ridiculously unique skill-set. I haven't heard of any recent succesful start-ups that just does writes to DB and renders something on the screen. If there was such a low-hanging fruit big companies would simply copy the best features overnight and make you obsolete.
When tons of people are getting at a market it means lots of competition which means you need to further reduce the competition space by using geography, connections or wealth.
Tl;dr: You almost never get rich from starting a company.