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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 compa
by 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 agoHaving 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 agoSome 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 agoI 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.