A minor tweak to The Parable of the Mexican Fisherman[1]:
The venture capitalist laughed and said, “That’s the best part. When the time was right, you would announce an IPO, and sell your company stock to the public and become very rich. You would make millions!”
“Millions – then what?”
[1] https://aliabdaal.com/newsletter/the-parable-of-the-mexican-...
[–] lotsofpulp 4 days ago
Because then I can guarantee access to food/shelter/healthcare for my kids if me or their mom or one of them were to become incapacitated in some way.
[–] prmoustache 4 days ago
Also I am paying taxes for that and am glad of paying it for whoever has the need to instead of them or me having to setup a gofundme campaign.
I'd say voting for the right candidates is better than a system where a few of apparently lucky people can achieve that while in fact they are completely losing their mind in the process and leaving in constant stress (if my observation of founders and so called successful tech bros is correct)
[–] lotsofpulp 4 days ago
[–] roncesvalles 4 days ago
You can't make it your life objective to guard against the 0.01% risk of your children becoming orphaned before 18. Just buy term insurance if anything.
[–] lotsofpulp 4 days ago
Insuring against death and orphaned kids is cheap and easy. Insuring against long term disability is not.
If you are a high earner in the US, you can make it your objective and live a far less stressful life because saving a few million is possible.
[–] walt_grata 4 days ago
[–] lotsofpulp 4 days ago
[–] hluska 4 days ago
Have some basic human respect.
Well, living on the other side of the pond: I get shuffled around and laid off every few years in the game industry and any savings I had got obliterated surviving in this not-recession as everyone around me gaslights me into telling me that "the economy is fine", while doing regular layoffs in nearly all sectors. And it's not like I have some sort of high respect for my craft by those who enjoy it either.
There's definitely a temptation to just sell out, find a huge buyout, and get out of the rat race so I can tinker to my heart's content on stuff I want to make. Not what "sells" or what some director wanted after 20 filters of HR, "focus groups, and other sales people get their hands on it. What integrity am I truly keeping in the former situation?
Of course, all this assumes I have the opportunity to sell out. Someone at that point is more than likely someone who was already in a trajectory to defy the typical 9-5 40 hour grind to begin with.