The average ambitious person spends too much time accumulating optionality and too little time taking actual risks with high upside potential for themselves or the world.
Ambitious people compete insanely hard to accumulate options for the future, instead of figuring out what they really want to do and doing it.
The long-term capital gains tax rate is significantly lower than the income tax rate, which means that the startup option has a higher expected payoff than the FAANG job. ISOs aren’t taxed until you sell your shares.
if you can get into a top tier accelerator program as a founder, your odds of becoming a billionaire are 1 in 40, low, but high enough that the expected value of attending a top tier accelerator program is $25 million.
what if you could play that 100 times?
Note: But the shit is that you probably cannot play 100 times. You need to make sure you can keep up playing (this is probably mentioned by Taleb too)