Lady Gaga worked hard and got rich and famous. But you’re probably not Lady Gaga.
It’s funny that we understand this hit-based reality for music, tv, movie, and sports stars, but can’t seem to grasp it when it comes to startups.
It’s funny that we understand this hit-based reality for music, tv, movie, and sports stars, but can’t seem to grasp it when it comes to startups.
The difference is that far, far fewer people have a moderately successful entertainment career compared to the many people who have successful software development careers.
With startups the distribution would be less like software developers but still not as extreme in terms of outcome as for entertainment. Ff you have a company that you sell for 5M or whatever that you own a quarter of you've done very well by normal standards but barely feature in value with the huge tech companies.