alt Hacker News> Since we started it in 2005 we've funded about 6500 companies.
> Starting a successful startup is the most common way to become a billionaire, so in effect I've spent the last 21 years training people to become billionaires. So far about 30 of them have, but there are many more in the pipeline.
Seems to me that right off the bat he completely undermines his own point - less than .5% of the founders being funded at basically the best connected best financed incubator become billionaires. Easy, right?
I won't even go into the embarrassing math that follows... pyramid scheme salesman levels...
Replies
tim333 • today at 1:47 PM
>Easy, right?
He specifically says it isn't.
Moreover, he conveniently forgets the millions of aspiring founders who did not even get into his puppy mill to get a chance to play the 5% odds. In many cases their only obstacle was not being born in the United States and living in California.
Paul if you are so rich why aren't you smart? Or is this the age old problem of getting a man to understand something when his paycheck depends on him not understanding it?