(This essay was originally published in Hackers
If you wanted to get rich, how would you do it? I think your best
bet would be to start or join a startup. That’s been a
reliable way to get rich for hundreds of years. The word “startup”
dates from the 1960s, but what happens in one is
very similar to the venture-backed trading voyages of the
Startups usually involve technology, so much so that the phrase
“high-tech startup” is almost redundant. A startup is a small
company that takes on a hard technical problem.
Lots of people get rich knowing nothing more than that.
You don’t have to know physics to be a good pitcher. But
I think it could give you an edge to understand the underlying principles.
Why do startups have to be small?
Will a startup inevitably stop being a startup