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Startup Wealth Equals Success Probability
- Becoming a founder is not a shortcut to wealth; startup wealth equals the probability of your startup succeeding.
- Ankur Warikoo maps the funnel from idea to exit and warns salary is often below market until a rare exit materializes.
Unicorn Stories Create Dangerous Survivor Bias
- Media success stories create survivor bias that misrepresents startup outcomes.
- Ankur warns the unicorns and billionaire headlines hide the 99% of startups that fail or struggle without salaries.
Don't Escape Your Job By Starting Up
- Don’t start a business to escape a bad job or boss; that motive sets you up for failure.
- Start because you want to build something in the new world, not merely to avoid your current one, advises Ankur.