This essay is written by Paul Graham, founder of the start up accelerator Y Combinator.
He has turned tons of start ups into multi million dollar companies.
"The average valuation of Y Combinator-backed companies, according to co-founder Paul Graham, is $45.2 million."
Here is an essay he wrote on how to make wealth. Tons of golden info in here.
Some highlights:
"There is a conservation law at work here: if you want to make a million dollars, you have to endure a million dollars' worth of pain."
Someone graduating from college thinks, and is told, that he needs to get a job, as if the important thing were becoming a member of an institution. A more direct way to put it would be: you need to start doing something people want. You don't need to join a company to do that. All a company is is a group of people working together to do something people want. It's doing something people want that matters, not joining the group."
"For most people the best plan probably is to go to work for some existing company. But it is a good idea to understand what's happening when you do this. A job means doing something people want, averaged together with everyone else in that company."
http://www.paulgraham.com/wealth.html
He has turned tons of start ups into multi million dollar companies.
"The average valuation of Y Combinator-backed companies, according to co-founder Paul Graham, is $45.2 million."
Here is an essay he wrote on how to make wealth. Tons of golden info in here.
Some highlights:
"There is a conservation law at work here: if you want to make a million dollars, you have to endure a million dollars' worth of pain."
Someone graduating from college thinks, and is told, that he needs to get a job, as if the important thing were becoming a member of an institution. A more direct way to put it would be: you need to start doing something people want. You don't need to join a company to do that. All a company is is a group of people working together to do something people want. It's doing something people want that matters, not joining the group."
"For most people the best plan probably is to go to work for some existing company. But it is a good idea to understand what's happening when you do this. A job means doing something people want, averaged together with everyone else in that company."
http://www.paulgraham.com/wealth.html
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