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Not to mentioned that they could afford to try and fail. It's been discussed to death, but the sad fact of life is that a lot of elite students from unresource
by TrackerFF 7y ago
Not to mentioned that they could afford to try and fail.
It's been discussed to death, but the sad fact of life is that a lot of elite students from unresourceful simply can't take the chance on playing the startup game. They don't have the money, and can't risk potentially throwing away 5-10 years on a pipe dream (statistically speaking).
Rich kids with money and connections can afford that. They can graduate from HYPS, try to startup route, and if all fails - no worries, they can always go back to the traditional career route, albeit a bit delayed.
Ask a first gen HYPS student from low or lower middle-class what their plans are; Probably not a 12-month "ideating" leisure trip to SV on their family money.
- wmp56 7y agoI'm afraid I have to disagree. The key ingredient is unusually high IQ, not money. If I had a choice between being born with a very high IQ or in a moderately wealthy family (10s of millions), I'd choose the 1st without thinking. The family money rather reduce chances of striking success because they make people lazy from childhood. A 12 month trip to SV gives exactly nothing by itself. We could randomly select 1000 college grads, give them 100k and send them to SV for 1 year. The success rate will be 0.0%. What really helps on the SV path is (1) very high intelligence and (2) real industry experience. If you have the former, you can get the latter by joining one of the few known firms and spend there a decade. Then use your savings and connections to try your own idea. I don't see how family money help to skip that decade of experience or how they help to become smart.