background preloader

How to Make Wealth

How to Make Wealth
May 2004 (This essay was originally published in Hackers & Painters.) If you wanted to get rich, how would you do it? I think your best bet would be to start or join a startup. That's been a reliable way to get rich for hundreds of years. The word "startup" dates from the 1960s, but what happens in one is very similar to the venture-backed trading voyages of the Middle Ages. Startups usually involve technology, so much so that the phrase "high-tech startup" is almost redundant. Lots of people get rich knowing nothing more than that. The Proposition Economically, you can think of a startup as a way to compress your whole working life into a few years. Here is a brief sketch of the economic proposition. Like all back-of-the-envelope calculations, this one has a lot of wiggle room. If $3 million a year seems high, remember that we're talking about the limit case: the case where you not only have zero leisure time but indeed work so hard that you endanger your health. Startups are not magic.

http://paulgraham.com/wealth.html

Related:  market

What’s A Startup? First Principles. Success consists of going from failure to failure without loss of enthusiasm. Winston Churchill Everyone knows what a startup is for – don’t they? In this post we’re going to offer a new definition of why startups exist: a startup is an organization formed to search for a repeatable and scalable business model.

Recruiting programmers to your startup Here are some things I’ve learned over the years about recruiting programmers* to startups. This is a big topic: many of the points I make briefly here could warrant their own blog posts, and I’m sure I’ve omitted a lot. - The most important thing to understand is what motivates programmers.

Collaboration Business Plan Template Access this Template/Policy by filling out your information below or by using your LinkedIn account. Already aMember? Login to get access. Not aMember? Sign up to get access. This template will help build a living social collaboration business plan for the organization. How to launch in a month, scale to a million users These are case studies. I will talk about my last two startups where I used a lot of techniques to build them quickly and scale them up. Here I explore different techniques I used to architect them to scale which are quite simple, but someone who is not familiar with building systems may be interested in learning how to build his or her own scalable site.

SaaS Metrics 2.0 - Detailed Definitions Intro This page is a supplement to the the SaaS Metrics 2.0 blog post. It provides detailed definitions for each of the key metrics used in that post. Why successful people don’t want to mentor you August 01st, 2011 - 24 Comments Successful people are constantly sought out as mentors. Sadly, most people do a terrible job of asking for mentoring. Posted by on May 5, 2013 Why is it that successful companies find themselves needing to reinvent their business models over and over in order to survive? Sometimes technological shifts drive companies downward in the competitive food chain or render all businesses in a particular industry to the status of outdated relics. In other cases, consumer preferences change or commerce regulations are rewritten. Former Google CIO says business misses key people marks July 25, 2011, 9:50 AM — The former CIO of Google and founder and CEO of ZestCash, Dr Douglas Merrill, says companies stuck in traditional management practices risk becoming irrelevant and leaders should not be afraid to do 'dumb' things. During a lively keynote at this year's CA Expo in Sydney, Merrill said the six years he spent at Google was the most fascinating part of his career. "Google was founded by two computer science students at Stanford and they hated each other at first. I found out they were both correct," he said jokingly. "There is a whole cottage industry of people talking about innovation, including all kinds of garbage... and I'm part of this cottage industry." Not too little, not too muchProject management is an inverted parabola.

Related: