Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.
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 ArringtonI live a fairly simple life, and that didnt change much after I sold TechCrunch in 2010. I didnt buy a new house or even a new car. The one thing I did splurge on was a boat. Nothing too fancy or large.
Michael ArringtonAmerica is an unsolvable problem: a nation divided and deeply in hate with itself. If it was a startup, wed understand how unfixable the situation is; most of us would leave for a fresh start, and the company would fall apart. America is MySpace.
Michael Arrington