Jun 1, 2022·edited Jun 1, 2022Liked by Erik Torenberg
The optionality trap is not talked about often enough! Thank you for articulating something I felt from the first day I walked through the doors at Bain so eloquently (and validating my decision to take a risk before my fixed expense base got too high)
This is a fantastic post, thank you. Considering there are 1,000 unicorns in the world though, the odds of success are far tinier than I think you imply. Another thing worth considering is compound interest and savings - if someone works at a highly paid tech job they can put money aside early in their career, which will have a much larger return than if they only invest later in their lives. If someone’s objective is to become financially independent, it may be rational to hedge bets early in their career, and only pursue riskier options later on.
The optionality trap is not talked about often enough! Thank you for articulating something I felt from the first day I walked through the doors at Bain so eloquently (and validating my decision to take a risk before my fixed expense base got too high)
This is a fantastic post, thank you. Considering there are 1,000 unicorns in the world though, the odds of success are far tinier than I think you imply. Another thing worth considering is compound interest and savings - if someone works at a highly paid tech job they can put money aside early in their career, which will have a much larger return than if they only invest later in their lives. If someone’s objective is to become financially independent, it may be rational to hedge bets early in their career, and only pursue riskier options later on.
thanks!
I already wasted some of my time... after 30 time starts to burn every time you check your watch.