On Thu, 2 Nov 2000, Tim May wrote:
no matter how good you are. You can get rich enough to live off your investments, sure -- but reaching the billionaire league is a multi- generational project.
This is not true. Most billionaires in the United States did it in a single generation. On the Fortune list of billionaires, most made the money by starting companies. Only a handful are heirs.
Most of them come from well-to-do families rather than filthy rich families, that's true. But few or none come from blue collar or really poor families. Besides, my goal isn't having a one-percent chance of becoming a billionaire; the people you're pointing at rode the venture capital rocket, and for each of the one-generation people on that list, ninety-nine others went flat broke and deep into debt trying to do the same thing. The multi- generational plan I have in mind is building up by investment and hard work, not by riding the crash-prone venture capital rocket.
Nothing wrong with indentured servitude. You can read some pieces I wrote about this many years ago, circa '93-94. The archives should have them.
Where are all of the archives? I have only found the ones on venona, and they are incomplete. Bear