Compound anything is powerful. Interest is... really slow these days though. Seems to be around 3% return after inflation. And with all the countries taking really high national debt, who's to say it will get better?
The whole compound concept applies very well to startups though. 3% a week adds up.
3% is the high-end of the “consumer” (aka “chump”) interest rates.
In fact, since inflation is about 3%, over time your money doesn’t grow. (Though, if you’re earning less than inflation your money is actually decreasing in value, so maintaining is better than that)
The whole compound concept applies very well to startups though. 3% a week adds up.