This meme is pretty popular among certain circles, but it bears some examination. For a lot of people, "rich" means "financially independent". And depending on your particular lifestyle choices, you can certainly become financially independent by working for a tech BigCo or as a quant, and that path has enormously lower risk than entrepreneurship.
Working for BigCo definitely throws a lot of things off balance. Making a million dollars over 5 years in tech is very possible. Lots of companies are throwing around that kind of money in RSUs/options that vest over 5 years. It’s quite a bit crazy.
Agree there are lower risk paths to what most people would consider “rich” than Naval lets on. Still, his points on leverage and ownership are important ones I don’t hear elsewhere. Certainly not as concisely— each episode in the series is only a few minutes long, but full of insights. Give it a listen!
This meme is pretty popular among certain circles, but it bears some examination. For a lot of people, "rich" means "financially independent". And depending on your particular lifestyle choices, you can certainly become financially independent by working for a tech BigCo or as a quant, and that path has enormously lower risk than entrepreneurship.