Employment of a white collar professional is essentially a bet, on the company's part, "We think you're, hmm, call it three orders of magnitude more productive at this firm than you would be without our structure/capital"
Founding is a complicated bet which rounds to: "... Nah."
Founding is a complicated bet which rounds to: "... Nah."
Another way to think of it is "A founder is, necessarily, the marginal buyer for their own labor, which suggests there is A Story as to why that is true."
(Suffice it to say after having done a bit of column A and a bit of column B I have complicated and nuanced thoughts on the tradeoffs here which will probably not fit in a tweet.)
"I don't really think a firm adds three orders of productivity to workers, Patrick."
It is very plausibly more than that, depending on the particular individual.
It is very plausibly more than that, depending on the particular individual.
"You're going to need to work harder than that."
OK, math it out. Pretend you're a pharmacist.
How many prescriptions can you fill in 3 months given you're working for Walgreens?
How many prescriptions can you fill in 3 months given nothing but a degree and your iPhone?
OK, math it out. Pretend you're a pharmacist.
How many prescriptions can you fill in 3 months given you're working for Walgreens?
How many prescriptions can you fill in 3 months given nothing but a degree and your iPhone?
Pretend you're a mortgage underwriter.
How many mortgages can you underwrite sufficient for resale into a GSE in 3 months given you're working for Bank of America?
How many mortgages can you underwrite sufficient for resale into a GSE in 3 months with just an iPhone?
How many mortgages can you underwrite sufficient for resale into a GSE in 3 months given you're working for Bank of America?
How many mortgages can you underwrite sufficient for resale into a GSE in 3 months with just an iPhone?
