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"What makes a good entrepereneur? Are these the type of people you accept into the program?" The entrepreneurs around me are numerious. My neighbor's are very
by marincounty 11y ago
"What makes a good entrepereneur? Are these the type of people you accept into the program?"
The entrepreneurs around me are numerious. My neighbor's are very rich. I grew up with wealthy kids. Many are entrepreneurs. They all(95%), or more gave one trait in common, and it's never mentioned in these Q & A's, but we are all in the big world now. That trait; They have a sympathetic/understanding/wealthy parent.
The wealthy parent(usually the father) bankrolls the Entrepreneur.
See, poor, middle class kids usually get one chance at a risky entrepreneurial endeavor. If they do get funding, it's usually high rate credit cards. If they fail, they don't get a do over card, and it's Hello UPS, or some other barely livable job where you need to commute 1.5 hours.
For some reason this is never talked about, and probally for good reason. Yes, there are exceptions. Yes, guys like PG have tried to reverse the formula, but I have seen this combination work so many times, I feel comfortable calling it a law. It makes as much sense as Moores law, in my eyes. Rich dad helps(money, legal, generation of networking, sometimes the idea, the garage, encouragement, family CPA.) out kid=Kid becomes Entrepreneur. If you born into the right family--it's great. To the poor, middle class kids, do well in school. Get a credential in something. Don't fall for this BS about hard work, and a good idea. Give a rich boy a shot at funding your endeavor, but realize you will have to work a lot harder than the rich kid. Don't bust a gasket in the process. Most of the Entrepreneurs leave what I'm telling you out of their orations. It's embarrassing most weren't Horatio Algiers? Most of their wives, wives usually out of their league, don't even know the real story. I've only heard one Entrepreneur tell the absolute truth, and that was George Sorors. But George's first love is writing, and you can't be in denial if you want to be a good writer/journalist.
(Didn't edit, so please lay off my typos. I don't usually even come back to a post, so the nit picking goes unheard.
I sometimes fear writing a post like this, because they can track an ip. And even if speaking honesly, we all need to play the game--smile, and act like the free money wasen't there. I really wish Google didn't index every word forever. Hopefully, one day, we will have the ability to pick, and choose what is on Google servers. At least, what we wrote?)
- omegaham 11y agoThis is a really good point, and it's not just because of the bankrolling that the parents do. They also set a good example for financial management, discipline, respect for education, and perspective toward business. My parents are upper-middle-class. They're not rich, but they're wealthy enough that they know what to do with money. If I were thinking about starting a business, I could easily bounce ideas off my dad and get genuinely good advice. And if he couldn't give me the advice I needed, he knows people who would be able to do so. In contrast, someone who grows up poor is working in a vacuum. Whom are you going to ask, your deadbeat dad? His shithead friends? Your mom, who's working two minimum-wage jobs just to put food on the table and keep the lights on? They work their asses off, but they have no idea how to build a business. As a result, it's no surprise that the wealthy tend to come from the middle class. The rich might fall from grace into the middle class, and the middle class will often make a whole bunch of money and become rich, but the poor tend to stay where they are.