Quite a few people are nitpicking the "$50k isn't a livable wage" comment, but nobody's really challenged the underlying point that $50k isn't a lot of money if

Quite a few people are nitpicking the "$50k isn't a livable wage" comment, but nobody's really challenged the underlying point that $50k isn't a lot of money if it's the only money available to start a company with. Even if a person does live in part of the country where $50k is a decent salary, it still doesn't leave them much left over to start a company. And living away from urban areas will bring its own challenges, like networking, marketing, advertising, etc. Just an example, how do you think Uber would have turned out if they started in Pierre, South Dakota? And good luck buying any kind of machinery, expanding beyond a lone developer, etc. with only $50k.