hi
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Free registration at the forum removes this block.I know several entrepreneurs, including in Germany, who made a lot more than 10Mio following a route like this. Usually they could code or sell, built an agency doing that, then used proceeds of those agencies to build products and then sold those businesses. They did not need to take on VC money because they were self funded, so they could sell a company for 100 mio, and take home 100 mio themselves. If you sell a VC funded company for 10 mio, you failed and probably didn't make any money (look up "liquidation preferences" if you want to know why).A specialization in a skill like Web Development, Copywriting or SEO + hard work might make it possible to become a millionaire over the years, but I did not find one current example of someone who built a 10 million euros net worth via this way.
hi again
To clarify: I think high risk - extremely high reward is fine. It's the path I'm on myself. The main point is to make sure you understand the game you're about to play.@jpn Thank you for this.
Your remarks about the German startup scene are true, and of course my dataset is highly biased too.
The advantage of this analysis were detailed, real world examples of people who have made it or at least were very close to making it and this gave me a clear route to take which can lead to success - although it might not be the one with the highest probability and your high risk comment is true as well.
You did not get "insights" you found a pattern that has appeared in the past in a particular data set. The forum actually tends to give amazing insights, the stuff that really matters. The problem is, unless you're running a business, you don't recognise them for what they are. You don't understand it until you've been exposed to the same problems.I would love to find a bunch of concrete examples of people who have made it to 10 million euros following the route you pointed out. I spent hours in this forum trying to extract the success stories and then the concrete information out of those stories, but this doesn't give me nearly as many insights as my German startup analysis. It's understandable that the contributors in this forum don't want to give details about their specific business, but this also prevents me from deriving valuable common patterns.
Instead of spending your time looking at numbers, talk to people. People are real and realities are complex. Go on LinkedIn, pay for LinkedIn premium/sales navigator if you have to, and reach out to people who are the founder of a business with a certain size, lets say, 20-200 people, tell them you are a student working on a research project and you are qualitatively analysing entrepreneurial journeys. Ask if they're willing to talk to you about their story for 15 minutes. I will guarantee you that if you try a few variations of this a lot of people will say yes. And they will happily tell you about their journey.Without specific examples, I feel like the route I outlined will be the one with the highest success chances for me, as there are clear role models and a visualizable goal. But the non-corporate or VC route is likely to fit my personality much better and I will invest more research in success stories before going all in on the corporate route. If I find specific examples, I'll share.
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