PG Essays

How to Make Wealth

17 snips
Nov 18, 2023
Exploring startups and their ability to solve technical problems and offer financial rewards. The value of a smart hacker and the challenges of starting a startup. The role of luck and a business blunder in Microsoft's success. Belonging to institutions and the concept of wealth. The all-or-nothing nature of startups. The evolution of wealth and its impact on innovation and power.
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ADVICE

Compress Your Earning Years

  • Start or join a startup if you want to get rich because it compresses your working life into a few intense years.
  • Work far harder and eliminate corporate drag to multiply your personal productivity dramatically.
INSIGHT

Startups Amplify Individual Productivity

  • A highly productive hacker in a startup can create orders of magnitude more value than in a big company.
  • Startups represent the far end of the productivity curve, not a magic shortcut around effort.
INSIGHT

Wealth Isn’t Money

  • Wealth equals things people want, not money itself.
  • Money is merely a medium of exchange that moves wealth between people.
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