Paul Graham's clearest explanation of the mechanics of creating wealth as a startup founder — what wealth actually is, why startups are the best vehicle for creating it, and why that's not the same as getting rich.
“The distinction between wealth and money is something most people never understand. Once you see it, you can't unsee it — it reframes everything about work, business, and incentives.”
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The observation that working in a big company means your productivity gets averaged across hundreds of people — and how that changes the incentive entirely — is the most underappreciated part of this essay.