Why do we not all own our own companies?
Why do we not all own our own companies? The majority, or at least a lot, of us on this forum work in investment banking. Essentially, we watch entrepreneurs make more money than most of us can ever dream of having by staying in the industry through starting, scaling, and selling their own company.
So, I don't understand why so many very intelligent people choose to stay in this industry instead of starting their own company and then selling it down the line. Because, lets face it, the majority of us are in this for the money and because it's intellectually stimulating.
I'm just curious what you all think about this. Obviously, there are a lot of entrepreneurs that do come out of the industry, but not as many as you would think. Also, bankers tend to actually be very risk averse people.