Chamath makes money investing in unicorns while the avg guy with “VC” in his twitter bio doesn’t.
Day traders make $ too. So do house flippers.
Until a lever gets pulled somewhere in the fragile system and something out of their control happens.
And taxes and transaction costs.
The gov takes 15% of your nut. The brokers take 5% of overall transaction which can be 10 or 15% or your nut. Closing costs, transfer taxes, the list goes on.
Every time you sell 30%+ of your nut is EVAPORATES.
When I started I was going to school 20 hrs a week, studying another 10, D1 Track & Field another 30 AND I had just met my wife and was building a relationship with her.
You can make time for anything if it’s important enough to you.
You don’t need to quit your job.
And I had very little money and my parents didn’t invest a dollar in my company.
We were RESOURCEFUL and found a way to get started by trading our time for money.
Nobody is willing to do that part because it isn’t fun and it isn’t described in the entrepreneurship books.