Ask HN: How many startup employees became millionaires in Silicon Valley?

2 points by 31reasons ↗ HN
Percentage wise how many people in Silicon Valley do you think became millionaires.

What are the chances of getting rich while working for a promising Startup?

2 comments

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That really depends on your definition of "promising startup". About 75% of IT startups fail and most were promising to at least some people.

You really can't bet on getting rich just out of pure luck though. There are a ton of millionaires around Silicon Valley because the area attracts the best engineers in the world to work with great companies. Your odds don't really increase if your a shitty employee. It's also very expensive to live out there.

With that being said this industry allows you to switch jobs pretty easily. If you put in a couple years at several different startups over your career then the odds of getting a huge paycheck from a startup increases dramatically. In addition to that you will gain many contacts, friends, and job experience.

How many people non-startup employees became millionaires?