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Most startup founders are rich, they are just gambling with some money they have. Akin to a salaried worker gambling a small amount of their salary in a night a

• shijie 7y ago
  Do you have any references for most startup founders being rich? Qualitatively this does not align with my experiences at all with almost any founder of a company I’ve ever met. Almost all of them risked everything.
  • MarioONroids 7y ago
    Having a house and a car, or even retirement savings, that can be risked on a startup makes you rich. Even if that is everything you have, you are still rich. Find me the startup founder who has less than $100 in savings, no car, no house, no retirement funds, less than $1k in total assets, and whom is the richest persons in their family and network of friends. Then you may have a point.
  • tim333 7y ago
    Some anecdotal data here https://www.quora.com/Do-the-majority-of-founders-of-tech-start-ups-come-from-wealthy-families https://www.quora.com/Do-the-majority-of-founders-of-tech-st... I'd say most are rich - false. Tend to come from wealthier than average backgrounds - true.
  • gfs78 7y ago
    I didn´t meant Gates or Jobs rich but wealthier than average. For them an startup is just a gamble they can afford to do comfortably. For example: a couple of months ago I talked to a guy that was trying to decide between founding an startup or going to India to study yoga/meditation for a year (and he was not going to travel on the cheap, believe me). For him failing meant going back to work in his fathers company for a while until he gets motivated to start some other company again (or quit an go to India). Way above most people possibilities.