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Well, yes, that is often true. Many founders do have a family safety net that allows them to take on risks. I don't disagree with that. And I don't think we
by siegel 9y ago
Well, yes, that is often true. Many founders do have a family safety net that allows them to take on risks. I don't disagree with that. And I don't think we have the right set of gov't policies in place to incentivize and allow a broader set of potential founders to take such entrepreneurial risks.
But, to be quite honest, I also don't think this sets Silicon Valley apart from corporate America. In the broader world of corporate America, people from higher socioeconomic status have a greater chance of getting ahead because of a whole set of advantages granted to them - better education, connections, etc...And, as a result of getting ahead, obviously they are better compensated than their peers born into lower socioeconomic classes.