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How would you come up with that number? As noted by others in this thread, starting with entrepreneurship is a combination of knowledge, skills and somewhat be
by thenaturalist 7y ago
How would you come up with that number?
As noted by others in this thread, starting with entrepreneurship is a combination of knowledge, skills and somewhat being financially independent enough to commit significant amounts of time to creating something from scratch and - most significantly - having a network to achieve the latter.
Creating opportunity is a systemic, complex and long term challenge that you can't simply put a $ amount to. Your surroundings and upbringing shape you massively and there is no money which can make up for that and time. When you're 25 coming from a dirt poor community and are the first to study in your family there is such a slim chance you have seized dozens of opportunities correctly so that they stack up to put you in a spot where you are not only able to (aka resources present) but capable of achieving successes comparable to privileged peers. Network and skills are essential. Highly recommend reading "Cities and Ambition" (http://www.paulgraham.com/cities.html http://www.paulgraham.com/cities.html) for more context.
I guess what I'm trying to say is that the old Chinese proverb "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime." is true when it comes to creating opportunity. It's not a "point in time", but a continuous problem.
- jmpman 7y agoMaybe you could look at the family financial situation of entrepreneurs at the time they founded a company? With that information, along with the number of families in each wealth bracket, and company revenue after N years, you can calculate what the optimal population of wealth distribution is for maximum entrepreneurialism. Not that I expect any country to pass such laws to shape their elite class distribution in this manner, but it’s a good drinking conversation.
- devdas 7y agoIt's not limited to the financial situation. You also need a social network, and growing that network takes time.