Most of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.
Michael ArringtonSuccess in Silicon Valley, most would agree, is more merit-driven than almost any other place in the world. It doesn't matter how old you are, what sex you are, what politics you support or what color you are. If your idea rocks and you can execute, you can change the world and/or get really, stinking rich.
Michael ArringtonWe live in a world where you're not being eaten by a lion when you fail, you just have to get another job.
Michael ArringtonThe payouts for starting a business are just terrible when you account for risk. A tiny minority of entrepreneurs ever get rich. And the majority of entrepreneurs would probably make far more money, and have more stable personal relationships, if they just worked for someone else.
Michael Arrington