> any less intelligent or hard working
Not necessarily true. Luck plays a big role in things like this but Bezos is clearly in the elite when it comes to effective professionals.
Not necessarily true. Luck plays a big role in things like this but Bezos is clearly in the elite when it comes to effective professionals.
We're quickly reaching the point where without venture capital, there's no way to enter any market anymore. You can't start a company and just produce good products worth paying for. You have to have enough VC to be able to withstand sustained market pressure from those who do have it and can spend you out of the market by lowering their prices.
There's a reason that these practices are illegal.
Plus they pay fuck all tax.
You can start a tech consulting company without venture capital.
You can start a construction company, a law practice, an auto repair shop, or a dental practice without venture capital.
Oh, you mean that you can't build a multi-billion dollar company overnight without venture capital?
Thank you for your insight.
No, you can't build a large company ever without venture capital. Money begets money. The only way that any company will ever be large in the future is if some other existing billionaire decides they think they deserve funding.
A 10% skill difference between two people with shovels will result in a much smaller output difference than a 10% skill difference between two operators of heavy duty earth moving equipment.
With software, this dynamic occurs in the extreme, as the cost to run a software program is so low. A hour of unskilled human labor cost hundreds or thousands of times more than an hour of computation. And the quantity and complexity of output from a single hour of computation is rapidly increasing.
Edit: reworked the comment to make my point much more clearly
Of course with bad managers it can easily go the same amount in the other direction, but it seems that Bezos has extremely effectively leveraged his abilities in management and built a very successful company because of that.
One of them made a hole in the ground; he's going to put a seed in it, which will hopefully grow into something useful.
The other one pushed a button which started an automatic lathe which created an engine piston worth a hundred thousand dollars.
The difference in the productivity of two people is practically limitless.