It's n=1 and huge survivorship bias. There is not that much useful or applicable in this essay. Yeah starting a company is one way to get rich, but the odds are not that good and start-up costs are higher than ever. Nothing is getting cheaper, whether it's advertising, labor, or developing the product.
The $ offered by YC wouldn't even cover a typical salary for a single coder or an adverting budget, although being chosen by YC does help to some degree in the latter though. Same for Thiel Fellowship: Not much $ either. You need a lot more than being offered by these incubators, which is a pittance. Back in the '90s it was easier to get decent funding, plus costs were way lower even adjusted for inflation. Now it's huge competition for bread crumbs, plus huge expenses.
On Reddit investing and 'FIRE' subs, way more young and middle-aged people getting rich (as in 7-8 figures) with lucrative white collar jobs or being early in a start-up, plus investing in stock market and real estate, than creating actual companies.
You can do well in computer science classes without ever really learning to program. In fact you can graduate with a degree in computer science from a top university and still not be any good at programming. That's why tech companies all make you take a coding test before they'll hire you, regardless of where you went to university or how well you did there. They know grades and exam results prove nothing.
Yeah, theoretical computer science is not the same as coding. The guys who did theoretical AI work seem to do okay though.
The $ offered by YC wouldn't even cover a typical salary for a single coder or an adverting budget, although being chosen by YC does help to some degree in the latter though. Same for Thiel Fellowship: Not much $ either. You need a lot more than being offered by these incubators, which is a pittance. Back in the '90s it was easier to get decent funding, plus costs were way lower even adjusted for inflation. Now it's huge competition for bread crumbs, plus huge expenses.
On Reddit investing and 'FIRE' subs, way more young and middle-aged people getting rich (as in 7-8 figures) with lucrative white collar jobs or being early in a start-up, plus investing in stock market and real estate, than creating actual companies.
You can do well in computer science classes without ever really learning to program. In fact you can graduate with a degree in computer science from a top university and still not be any good at programming. That's why tech companies all make you take a coding test before they'll hire you, regardless of where you went to university or how well you did there. They know grades and exam results prove nothing.
Yeah, theoretical computer science is not the same as coding. The guys who did theoretical AI work seem to do okay though.