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Everything you said is true but missing the point. $5000 is a wad of cash that many, many people don't have access to. Living on savings while building and se
by clavalle 11y ago
Everything you said is true but missing the point.
$5000 is a wad of cash that many, many people don't have access to.
Living on savings while building and selling a product is not an option for many more.
Money just doesn't allow for acceleration but also pays for you to get in the car to begin with.
And that's not a precise statement either: having the ability to live while earning nothing build your business -- something that often takes some amount of cash, is what can mean the difference between success and failure.
- rebootthesystem 11y agoI have to take you back to the title of the article: "Entrepreneurs don’t have a gene for risk – they come from families with money" That is patently false in but a very small percentage of cases. The millions of businesses launched every year overwhelmingly do NOT come from families with money. Here, "money" being understood as mid to upper class (financially speaking). That, in general terms, was my point, lost as it might have become.
- clavalle 11y agoWe have two groups -- entrepreneurs with money and entrepreneurs without money. They are part of an overall group -- entrepreneurs. Picture them as bacteria in a petri dish. The article simply says that entrepreneurs with money tend to survive longer (by having the freedom to take the risks that allows that survival) in addition to this group entering the petri dish more often because people tend to have a pretty good understanding for their appetite for risk -- an appetite largely dependent on their built in food supply -- available cash. It is not saying that people without money cannot become entrepreneurs or are not good entrepreneurs, just that the petri dish population tends to be covered more by those species that have advantages than those that don't.