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> K&L Gates is in the same building as the company I work for, despite multiple mergers 2 decades past retirement the Gates name is still on the door and it's n

> K&L Gates is in the same building as the company I work for, despite multiple mergers 2 decades past retirement the Gates name is still on the door and it's not because of Bill. You are disagreeing with him but just adding to his points. If my father had a company with his name inscribed on a building I would have had some connections for my own business. Instead pop struggled to put food on the table and barely owned a flower pot Rags to riches are fairy tales. Reality is different. Even Elon musk's father is a millionaire

NicoJuicy 9y ago
Isn't it his mother who raised him? Elon Musk also left South Africa to start in the USA, where he succeeded. I guess: genetics + parenting > rich people background Also, i think there is one generation in between poor and rich. This is as fast as it goes: 1st generation: Poor 2nd generation: wealthy (mostly through entrepeneurial or hard work) where they explore investments. Mostly started a SMB or choose a profession with a lucrative income. 3rd generation: extremely rich: good investment decisions or a 0,01% company ( worth 100 million's). Getting from 1 to 3 in one step is almost impossible. You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times.
- giantsloth 9y ago
  His mother is a rich successful model. What poor person has the means to move to another country and start a tech company. How are you so massively illogical and incoherent in your ability to think?
  - NicoJuicy 9y ago
    Your statement seems to reasonate with me: 2nd generation : wealthy. Wealthy =/= rich, it doesn't exclude rich people also. He could start a software business without a lot of parents money. Elon earned 22 million with Zip2 and they started it with angel investors. It's claimed that his father also provided $28,000 for starting it. ( that's peanuts) I said: You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times. Getting money from angel investors is summarized under: "getting investment loans". You probably didn't read what i was saying: From poor to wealthy to rich. Elon did this. I never claimed that he went from poor to rich. I think my ability to think is better than your ability to read.
    - rarec 9y ago
      $28,000 is peanuts now? In the grand scheme of things, sure, it's not much, but consider the time and place where he was that his father could just give him that much money.
      - NicoJuicy 9y ago
        I have a lot more in my bank and just bought a apartment in a pretty expensive area ( 30 years old) I'm in no way rich, but have no money troubles. I also saved a lot, worked a lot and lived with my parents pretty long
        indemnity 9y ago
        You’re just proving his point. The opportunity cost of sacrificing so much for so long compared to not having to and being able to take big risks with a lot of potential upside.
        NicoJuicy 9y ago
        Aren't i proving my first point? Being wealthy is sufficient. You don't need to be rich.
    - candiodari 9y ago
      And if you count all that was directly involved in the creation of this company ? How much does it become then ? 1) $28000 cash 2) Food & lodging for him and his brother in Palo Alto 3) two debt-free Stanford educations (him & his brother), including PhD (which he walked out on) How much does that come to ?
      - NicoJuicy 9y ago
        Where does it say his parents paid for it? Was the PhD a requirement, since he quitted it? How expensive would renting an appartment be in that time, 750$ / month? Did he rent one? Because he doesn't have a house there and stays with friends a lot of the time https://www.quora.com/Is-it-true-that-Elon-Musk-does-not-have-a-house https://www.quora.com/Is-it-true-that-Elon-Musk-does-not-hav... He and a fellow student rented a vacant frat house and transformed it into a nightclub. Quite a daring and bold move for a low-income college student. ( https://sites.psu.edu/danielpassion/2017/03/24/entrepreneur-spotlight-elon-musk/ https://sites.psu.edu/danielpassion/2017/03/24/entrepreneur-... ) Don't overreact. I never said he came from poor. Why do people keep misreading that?
- ganeshkrishnan 9y ago
  I would assume it's more parenting + rich people than genetics. Also note that Bill Gate's mother sat on the board of open source foundation and she was the one that introduced IBM to Bill Gates and how her Son (Bill) had created this software. I am an ex-IBMer and trust me, IBM never calls anyone. They have a mind of their own. It's a dinosaur dancing in these new arenas
  - NicoJuicy 9y ago
    Genetics give you a greater chance of being smart ( if both parents are smart). Your statement seems to reasonate with me: 2nd generation : wealthy. Eg. You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times. Introduction to IBM is summarized under: contacts.
    - jjeaff 9y ago
      The jury is still out on the causal relationship between iq and net worth.
  - dba7dba 9y ago
    Amazing story. Another case of where personal connections really matter. Not some impersonal business decisions that people trust in. I mean that is some ultimate networking just very few people have.
  - dogma1138 9y ago
    It wasn't an open source foundation it was United Way https://en.wikipedia.org/wiki/United_Way_Worldwide https://en.wikipedia.org/wiki/United_Way_Worldwide in which Mary Maxwell Gates was the first woman to ever chair (she was the first woman in a few other places as well). John Opel who became CEO of IBM in 1981 at the time was also on the same board. The introduction according to the few sources I've read took place in 1982 or 1983 which was well after Microsoft has been founded and actually after Microsoft signed the first contract with IBM.

NicoJuicy 9y ago

Isn't it his mother who raised him? Elon Musk also left South Africa to start in the USA, where he succeeded. I guess: genetics + parenting > rich people background Also, i think there is one generation in between poor and rich. This is as fast as it goes: 1st generation: Poor 2nd generation: wealthy (mostly through entrepeneurial or hard work) where they explore investments. Mostly started a SMB or choose a profession with a lucrative income. 3rd generation: extremely rich: good investment decisions or a 0,01% company ( worth 100 million's). Getting from 1 to 3 in one step is almost impossible. You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times.

giantsloth 9y ago
His mother is a rich successful model. What poor person has the means to move to another country and start a tech company. How are you so massively illogical and incoherent in your ability to think?
- NicoJuicy 9y ago
  Your statement seems to reasonate with me: 2nd generation : wealthy. Wealthy =/= rich, it doesn't exclude rich people also. He could start a software business without a lot of parents money. Elon earned 22 million with Zip2 and they started it with angel investors. It's claimed that his father also provided $28,000 for starting it. ( that's peanuts) I said: You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times. Getting money from angel investors is summarized under: "getting investment loans". You probably didn't read what i was saying: From poor to wealthy to rich. Elon did this. I never claimed that he went from poor to rich. I think my ability to think is better than your ability to read.
  - rarec 9y ago
    $28,000 is peanuts now? In the grand scheme of things, sure, it's not much, but consider the time and place where he was that his father could just give him that much money.
    - NicoJuicy 9y ago
      I have a lot more in my bank and just bought a apartment in a pretty expensive area ( 30 years old) I'm in no way rich, but have no money troubles. I also saved a lot, worked a lot and lived with my parents pretty long
      - indemnity 9y ago
        You’re just proving his point. The opportunity cost of sacrificing so much for so long compared to not having to and being able to take big risks with a lot of potential upside.
        NicoJuicy 9y ago
        Aren't i proving my first point? Being wealthy is sufficient. You don't need to be rich.
  - candiodari 9y ago
    And if you count all that was directly involved in the creation of this company ? How much does it become then ? 1) $28000 cash 2) Food & lodging for him and his brother in Palo Alto 3) two debt-free Stanford educations (him & his brother), including PhD (which he walked out on) How much does that come to ?
    - NicoJuicy 9y ago
      Where does it say his parents paid for it? Was the PhD a requirement, since he quitted it? How expensive would renting an appartment be in that time, 750$ / month? Did he rent one? Because he doesn't have a house there and stays with friends a lot of the time https://www.quora.com/Is-it-true-that-Elon-Musk-does-not-have-a-house https://www.quora.com/Is-it-true-that-Elon-Musk-does-not-hav... He and a fellow student rented a vacant frat house and transformed it into a nightclub. Quite a daring and bold move for a low-income college student. ( https://sites.psu.edu/danielpassion/2017/03/24/entrepreneur-spotlight-elon-musk/ https://sites.psu.edu/danielpassion/2017/03/24/entrepreneur-... ) Don't overreact. I never said he came from poor. Why do people keep misreading that?
ganeshkrishnan 9y ago
I would assume it's more parenting + rich people than genetics. Also note that Bill Gate's mother sat on the board of open source foundation and she was the one that introduced IBM to Bill Gates and how her Son (Bill) had created this software. I am an ex-IBMer and trust me, IBM never calls anyone. They have a mind of their own. It's a dinosaur dancing in these new arenas
- NicoJuicy 9y ago
  Genetics give you a greater chance of being smart ( if both parents are smart). Your statement seems to reasonate with me: 2nd generation : wealthy. Eg. You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times. Introduction to IBM is summarized under: contacts.
  - jjeaff 9y ago
    The jury is still out on the causal relationship between iq and net worth.
- dba7dba 9y ago
  Amazing story. Another case of where personal connections really matter. Not some impersonal business decisions that people trust in. I mean that is some ultimate networking just very few people have.
- dogma1138 9y ago
  It wasn't an open source foundation it was United Way https://en.wikipedia.org/wiki/United_Way_Worldwide https://en.wikipedia.org/wiki/United_Way_Worldwide in which Mary Maxwell Gates was the first woman to ever chair (she was the first woman in a few other places as well). John Opel who became CEO of IBM in 1981 at the time was also on the same board. The introduction according to the few sources I've read took place in 1982 or 1983 which was well after Microsoft has been founded and actually after Microsoft signed the first contract with IBM.