4 ms·

> There's a pretty high correlation between parental wealth and success as a startup founder. I'm not disagreeing, but is there any research to support this th

• jameslk 7y ago
  This article links some studies related to entrepreneurship and risk taking based on family wealth, but I haven't dove into them thoroughly. Worth checking out: https://qz.com/455109/entrepreneurs-dont-have-a-special-gene-for-risk-they-come-from-families-with-money/ https://qz.com/455109/entrepreneurs-dont-have-a-special-gene...
  • bpt3 7y ago
    Thanks!
• manicdee 7y ago
  There is plenty of evidence supporting positive correlation between parental incomes/wealth and the child’s success in academic and commercial endeavours, but little evidence either way relating to success at starting a new business. But given that the secret to successfully launching a business is to have enough resources to fail many times, it stands to reason that successful startups are highly dependent on founder funding (and thus, parental wealth).
  • bpt3 7y ago
    Yes, this makes sense, but hard data would be much more compelling.