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I think wealthy parents will teach their children to be wealthy. Perhaps its easier to have a giant safety net when starting a big company.. but I wouldn't lis

I think wealthy parents will teach their children to be wealthy. Perhaps its easier to have a giant safety net when starting a big company.. but I wouldn't listen to this article unless the writer is himself a successful entrepreneur. It's probably better to case-study people who were broke when they started. Who cares about statistics.. if it's possible, just harder, for you to be a wealthy entrepreneur, still you should do it!

pas 9y ago
It's easy to learn to "manage money" (or be successful), when you get a lot of money, and you can try again, and again, and again.
- ejnulls 9y ago
  Or you know, just pay highly educated people to manage your money for you.
matt4077 9y ago
> Who cares about statistics.. if it's possible, just harder, for you to be a wealthy entrepreneur, still you should do it! That may be fine as an approach for the individual. But articles such as this are also meant to inform public policy and opinion. Social mobility in the US is at an all-time low, and that won't change just by preaching the prosperity gospel. Even if you are not a victim of this imbalance yourself, you have an interest in fixing it: for every Google, Facebook, and Microsoft started by rich kids, there are four similarly-successful startups that never get founded because their potential founders weren't in the top 20%. And eventually, people will notice that, no, it's not (just) their fault that they can't get ahead in life. At that point, social cohesion will vanish: rules will only be respected where they are enforced by violence, the military will no longer find poor people willing to die for the country, employees will casually sabotage the startups they work at etc.
- jryan49 9y ago
  Wow that escalated quickly!
ACow_Adonis 9y ago
Reality cares about statistics? Conclusions and advice are easy to spout off when you declare facts and evidence as irrelevant...

pas 9y ago

It's easy to learn to "manage money" (or be successful), when you get a lot of money, and you can try again, and again, and again.

ejnulls 9y ago
Or you know, just pay highly educated people to manage your money for you.

matt4077 9y ago

> Who cares about statistics.. if it's possible, just harder, for you to be a wealthy entrepreneur, still you should do it! That may be fine as an approach for the individual. But articles such as this are also meant to inform public policy and opinion. Social mobility in the US is at an all-time low, and that won't change just by preaching the prosperity gospel. Even if you are not a victim of this imbalance yourself, you have an interest in fixing it: for every Google, Facebook, and Microsoft started by rich kids, there are four similarly-successful startups that never get founded because their potential founders weren't in the top 20%. And eventually, people will notice that, no, it's not (just) their fault that they can't get ahead in life. At that point, social cohesion will vanish: rules will only be respected where they are enforced by violence, the military will no longer find poor people willing to die for the country, employees will casually sabotage the startups they work at etc.

jryan49 9y ago
Wow that escalated quickly!

ACow_Adonis 9y ago

Reality cares about statistics? Conclusions and advice are easy to spout off when you declare facts and evidence as irrelevant...