I used to think a couple people making a couple million or even up to a billion is cool in some way.
Building a startup seemed like a vehicle of social mobility. 2 or 3 million dollars is about the range where I can buy a really nice house, set up a basic farm and my to-be-born kids could choose education paths based solely on their interests.
That's a lot more money than I or my parents ever had, but I honestly don't want more.
If I sold a business in that range it would mean I built something that provided a dozen or so people with a decent livelihood in Central Europe, where I live.
And boy, I was pumped about the idea. And I was ambitious, and still am.
But seeing valuation rounds of tens of billions and now a net worth of a trillion dollars - million times million - it just feels like the game is eternally uneven and I can't in good conscience support these ideas anymore.
I am the founder of a company. I want it to succeed. I don't want to become a billionaire, but I want the people that help me build it to have similar successes to mine.
Is the founder's risk really that heroic or most of us in the "can found a startup" caste can usually go back to jobs that already pay well over average?
If we succeed, I don't want my car or house to be 10x more expensive than of those people who joined me first.
There's something seriously rotten about these numbers billions. Something so deeply flawed I can't even put a word on it.
Given the excess of talent and opportunity we have, and I'm aware I have both, our primary focus should be on giving something back to society. Those around us.
Anyone else feeling the same way?
techblueberry•1h ago
JD Rockefeller aside from starting a monopoly had deals with the railroads most people at the time found immoral and this was either against or before the concept of common carrier.
So like - there are a lot of ways in which - I want to be a sort of economically conservative capitalist. I want to live in a world where we have a set of rules that create a level playing field. But we’ve had this slow drip of deregulation and norm breaking over the past 100 years, and yet debates of socialism vs capitalism still sort of come down to oversimplified debates of “are you meritocratic or not”.
And then cap this off with the fact that business wealth is extremely concentrated in the magnificent 7; capitalism isn’t capitalism without competition. I forget the name of the group, but there are even though leaders on the right that see that like wealth is not currently distributed the way any reasonably moderate person - left or right - idealizes it to be. It feels like we are so far from the colloquial definition of - “someone has a good idea, invents it, sells it to people, and gets rewarded”.
On some level, if Elon musk sold 100 million cars and pocketed 10k each, I might not care if he was a trillionaire, but we need to realign incentives with tangible value and not financial games.
holistio•1h ago
And you can't really say that, because instantly you're attacked with "so you want Elon's money!" - I don't. I'm not even a US citizen. Not even a resident. But I also see the Starlink trails from my balcony and there are three Teslas parked in front of the building I live in right now. It's global.
I just believe owning $100B+ worth of assets, paying less % in taxes than the average Joe, while taking out loans against said assets is... corrupt. Not legally, but morally.
I really like Porsche. Then again, I made friends with a homeless guy a couple corners away. He's been on the streets for two years, can still make his way back.
I can't imagine sitting in a 911 without having first made sure he has a roof over his head.
And I'm not trying to signal virtue here, this is an anonoymous account after all.