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Are you going to lend him $500,000 to start this business? After all, banks and investors want to make sure they invest in the right people. Wouldn't want to th
by tolbish 6y ago
Are you going to lend him $500,000 to start this business? After all, banks and investors want to make sure they invest in the right people. Wouldn't want to throw your money away at a "risky investment".
Also where are their initial customers going to come from? If you don't attend the right schools or network with the right people from early on in life, why would people go out of their way to attach themselves socially to someone who is unproven?
Yes, just start a business...if only it were that easy!
- coffeemug 6y agoThis is bullshit because (a) there are many VC funds now explicitly earmarked for minority founders and run by minority partners, and (b) an enormous number of successful startups are started by first generation immigrants who didn't go to fancy schools here.
- tolbish 6y agoThe perception of first generation immigrants is a bit different than the perception of black people in the United States, generally speaking. In addition, being a minority founder doesn't mean funding is automatic. Investors still like seeing the right credentials, even for minorities.
- pdonis 6y agoIf it is true that the game is rigged, which is basically what you're saying, the only way to stop it from being rigged is to out-compete it. Just shrugging your shoulders and saying, well, there's no point in trying because the game is rigged, just means the game stays rigged forever.