Asymmetric wealth and my youth
AI summary of the linked articleThe author, who went into startups and crypto nine years ago after university, argues that the asymmetric wealth strategy has not paid off and that their youth is running out to keep trying. Despite working hard at a startup, they say they did not get rich, and they now compare themselves unfavorably with a hypothetical 33-year-old who took a proper industry job and has grown wealth linearly. They are currently bootstrapping Kiwi News, a social network that pays them no salary, and they ask at what point they must abandon the strategy, for example to start a family. |
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1 comment I feel you, bro. I had a similar story - joined a startup when I was 26, then I joined a smaller company where I eventually became a partner, did some consulting, and now I'm working on Kiwi. Some of my friends ended up in better places financially. I was often jealous of their predictable salaries and career paths, where they knew exactly what they had to do to get to the next level. On the other hand, some of these friends complain about their jobs. That it's boring. That their bosses are assholes. Or the dread of being potentially laid off because of some company-wide cuts. And I can say many things about my career so far, but I don't remember ever being bored for more than one day. If I don't like working with someone, I can say "No" since when you work in a company, you have one client (your employer), but if you run your business, you typically have more of them. Plus, this path helped me develop agency and trust in myself. I know that if something went wrong, I'd find a way to provide for myself, even if I had to invent a job for myself. Also, I think working in crypto is a two-dimensional asymmetric bet: one is working on a startup that may or may not work out, and the second one is having alpha on the fastest-growing asset class, so if you invest well, you can actually get a juicy return. |
