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> I do think it is unfair though to say that only the wealthy are entrepreneurs, because that wealth came at some point through someone themselves making the ju

> I do think it is unfair though to say that only the wealthy are entrepreneurs, because that wealth came at some point through someone themselves making the jump. When we talk about entrepreneurs, it is important to distinguish between those who start from scratch, those who have upper middle class parents and those who are born truly rich. For the latter two buckets, it is not that those folks made jumps; its just that their parents accumulated enough wealth over time that they were able to provide their kids with enough cushions.

humanrebar 9y ago
I'd like to be successful enough to give my kids that kind of cushion. Shouldn't they be able to take advantage of it since I worked for it and gave it to them? So the 'jump' is a team effort over a couple generations, does that make it less valid?
- ntsplnkv2 9y ago
  It's not about validity and it isn't making a claim that it's wrong to use the resources given to you. It's simply saying that capital is more important than people think. Business and entrepreneurship is honestly worse than religion. Thousands of garbage blogs saying "don't give up" is the key to everything. Self help books, videos of motivational navy seal speeches, "following your passion." When the reality is most of them simply had access to capital. I would imagine most entrepreneurs are hard workers already or are already motivated. But capital is what really matters.
- tmnvix 9y ago
  > Shouldn't they be able to take advantage of it since I worked for it and gave it to them? I don't think anyone is suggesting that they shouldn't. > does [their advantage] make it less valid? Less admirable, maybe. I'm not sure what you mean here by 'valid'.
- sidlls 9y ago
  Why bring "valid" into it? That really misses the point.
- Barrin92 9y ago
  >Shouldn't they be able to take advantage of it since I worked for it and gave it to them? Let's turn that around. Imagine your business starts out well, you have a kid or two and then it fails. And you're broke. And your kids have no cushion. Should your kids now have a worse start into life? Assuming we know nothing about you and knowing how many businesses fail, it's quite likely that this second situation might happen. And if you come out ahead, it happens to countless of people starting a business. Should their kids be at a disadvantage? I don't consider this reasonable.

humanrebar 9y ago

I'd like to be successful enough to give my kids that kind of cushion. Shouldn't they be able to take advantage of it since I worked for it and gave it to them? So the 'jump' is a team effort over a couple generations, does that make it less valid?

ntsplnkv2 9y ago
It's not about validity and it isn't making a claim that it's wrong to use the resources given to you. It's simply saying that capital is more important than people think. Business and entrepreneurship is honestly worse than religion. Thousands of garbage blogs saying "don't give up" is the key to everything. Self help books, videos of motivational navy seal speeches, "following your passion." When the reality is most of them simply had access to capital. I would imagine most entrepreneurs are hard workers already or are already motivated. But capital is what really matters.
tmnvix 9y ago
> Shouldn't they be able to take advantage of it since I worked for it and gave it to them? I don't think anyone is suggesting that they shouldn't. > does [their advantage] make it less valid? Less admirable, maybe. I'm not sure what you mean here by 'valid'.
sidlls 9y ago
Why bring "valid" into it? That really misses the point.
Barrin92 9y ago
>Shouldn't they be able to take advantage of it since I worked for it and gave it to them? Let's turn that around. Imagine your business starts out well, you have a kid or two and then it fails. And you're broke. And your kids have no cushion. Should your kids now have a worse start into life? Assuming we know nothing about you and knowing how many businesses fail, it's quite likely that this second situation might happen. And if you come out ahead, it happens to countless of people starting a business. Should their kids be at a disadvantage? I don't consider this reasonable.