this post was submitted on 30 Jun 2024
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[โ€“] [email protected] 1 points 4 months ago (1 children)

Okay, to be clear, are you arguing that the dichotomy we are choosing between is Notch becoming a billionaire or a corporation reaping the benefits of his labor? I think if those are the options, I prefer the universe where Notch is a billionaire, lol.

I don't think that's what you're saying, but I'll admit I've read your comment a few times, and couldn't really latch on to what you point was.

But to just free associate off of what you said, I think there's a lot of value to many in the safety of a job vs the life of an entrepreneur. I'm in that situation myself. I know I could easily make 1.5-2x my current salary if I just stood up and LLC and did all my work as a 1099 employee. I'd be able to keep all my current clients and basically nothing would change. I could set my own hours and not have a boss to answer to. But it comes with a lot fewer safety nets, and it means that all the unpleasantness and risk of "running a business" would all fall on me.

Am I running the risk that I could build a billion dollar product and giving all that surplus capital to my company? Sure. But the odds of that are terribly low, and honestly, it's a gamble I'm more than willing to take to avoid having to deal with the overhead and risk of striking out on my own with no top cover.

[โ€“] [email protected] 1 points 4 months ago

The point is to explain what people mean when they say that nobody becomes a billionaire by their own effort alone. It's impossible for one, single human to generate that much value. Notch just got incredibly lucky.

You have a good point about the difference in risk versus reward of entrepreneurship compared to a job. People often choose the job because the alternative is destitution. It's not a free choice. Rates of entrepreneurship are much higher in countries that have a robust social safety net. Places like the U.S. actually have a relatively low rate.