I agree, some of the advice feels more like
‘How to be a better high risk vc startup founder’ vs ‘How to be a better 1M/yr “lifestyle” business founder’.
Eventually if you want to scale yourself in the exponentiation formula you become a vc, vs grist for the founder mill.
You only have so many 1% 5 year adventure chances to do a startup before you find your 50 and dont have much to show for your life.
how many people would you say try and fail 50 times?
of course, failure can be defined in many ways. But I wouldn't think you end up in a bad place without having learnt a lot.
Because of survivorship bias, you usually never hear about these people.
Many people also try only 1 or 2 adventures, and if unsuccessful go into normal employment. But you jump off the 'potential exponentiation train' that sama describes by doing that, and you've lost out on 5-10 years of potential compound savings growth, which for many who can work at FANG instead means a million or two.
You also get to learn a lot and do fun stuff at FAANG employers too.
Eventually if you want to scale yourself in the exponentiation formula you become a vc, vs grist for the founder mill.
You only have so many 1% 5 year adventure chances to do a startup before you find your 50 and dont have much to show for your life.