2 ms·

Upper middle class is the sweet spot for these things. Not spoiled rich, but definitely no existential worries, probably some/mostly private schools. 'Good' par

by jariel 6y ago

Upper middle class is the sweet spot for these things. Not spoiled rich, but definitely no existential worries, probably some/mostly private schools. 'Good' parenting. I don't feel any of these successful founder kids had anything handed to them, however, they generally have a 'nice, clean journey' from birth to founding whereas most people face bumps, barriers etc.. But it's also a little unfair to generalize and there are absolutely opportunities for all types.

gowld 6y ago
That's still pretty "spoiled". Esepcially if we're looking at $200k in high school tuition that could be put toward business startup capital.
- jariel 6y ago
  A good opportunity for education is not 'spoiled' , it's fortunate. 'Spoiled' is the Lambo in high school for the kid with bad grades. Moreover, most private HS are not considerably better than good public schools, there are advantages but not giant leaps there. Much more advantageous is private College, but it's somewhat more competitive and at least partly meritocratic. These kids are not from massive homes, with baller cars and 1M follower instagram accounts. They don't have chefs, their Uncles are not Senators. They live in the suburbs in slightly better than normal homes, their parents drive Audis and they do their homework. They had braces as kids, and never had to worry about healthcare. Their 'Dentist' father is not 'connected'. They are really not that different from most kids, other than they never have to worry.
  - lotsofpulp 6y ago
    The private HS advantages are rubbing shoulders with other kids whose parents can afford private HS. You're much more likely to meet friends whose parents are in a position such that your friend can max out their credit cards. Same is not true of any private college, since the government hands out loans without discretion to anyone. A selective college, however, offers you similar benefits.
    - jariel 6y ago
      It's an advantage to have peers who are also upper middle class and who can afford to take 3 years of risk. But it's probably a much bigger advantages to have 'Harvard' on your resume. And FYI it's not 'the money' quite as much as the 'stability, support and fallback cushion'.
  - Applejinx 6y ago
    Does it matter if there are bad grades? Is the difference between bad grades, and exceptional grades, a good reason to set a kid up with Lambo-grade back-up as far as resources and access to capital? I think it's pretty natural, if your resources are exceptional, to treat that as extending to your immediate family. Therefore it doesn't matter what grades the kid gets because there is nothing they can possibly do that's more important than being your kid, and so they'll automatically be your kid and have access to the resources of your family unit. I don't see a special moral dispensation for, 'this kid APPLIED himself and therefore it's okay that he never had to worry'.
    - jariel 6y ago
      It matters a lot. "it doesn't matter what grades the kid gets because there is nothing they can possibly do that's more important than being your kid, and so they'll automatically be your kid and have access to the resources of your family unit." Just because you love your kid doesn't mean you give them everything. In fact, being superlatively rich probably comes with a whole bunch of extra challenges in raising a kid. No matter how many 'resources' a kid has access to, doing a 'good job' and having a little bit if self discipline are essential to having a good character, being civic, and also creating a positive future for oneself and ones community. Having a 'Lambo' is a very exceptional thing it stands out definitely more than one's peers. A poorly behaved, entitled kid who'll use that Lambo to rub it in the faces of his peers, who accomplishes little doesn't deserve it. Of course not everyone 'get good grades', it's entirely possible a kid is deserving in some way, by grades are at least some crude measure of applying oneself. Frankly, however much money I had I wouldn't even give my kid a Lambo, it's way too much attention and ostentatious luxury, children are not good at handling that. It's excessive and materialist. 'Access to capital' is an entirely different story as investing for the prospect of value creation is difficult than conspicuous consumption of luxury items.
  - deleted 6y ago
    [deleted]

by jariel 6y ago

gowld 6y ago

That's still pretty "spoiled". Esepcially if we're looking at $200k in high school tuition that could be put toward business startup capital.

jariel 6y ago
A good opportunity for education is not 'spoiled' , it's fortunate. 'Spoiled' is the Lambo in high school for the kid with bad grades. Moreover, most private HS are not considerably better than good public schools, there are advantages but not giant leaps there. Much more advantageous is private College, but it's somewhat more competitive and at least partly meritocratic. These kids are not from massive homes, with baller cars and 1M follower instagram accounts. They don't have chefs, their Uncles are not Senators. They live in the suburbs in slightly better than normal homes, their parents drive Audis and they do their homework. They had braces as kids, and never had to worry about healthcare. Their 'Dentist' father is not 'connected'. They are really not that different from most kids, other than they never have to worry.
- lotsofpulp 6y ago
  The private HS advantages are rubbing shoulders with other kids whose parents can afford private HS. You're much more likely to meet friends whose parents are in a position such that your friend can max out their credit cards. Same is not true of any private college, since the government hands out loans without discretion to anyone. A selective college, however, offers you similar benefits.
  - jariel 6y ago
    It's an advantage to have peers who are also upper middle class and who can afford to take 3 years of risk. But it's probably a much bigger advantages to have 'Harvard' on your resume. And FYI it's not 'the money' quite as much as the 'stability, support and fallback cushion'.
- Applejinx 6y ago
  Does it matter if there are bad grades? Is the difference between bad grades, and exceptional grades, a good reason to set a kid up with Lambo-grade back-up as far as resources and access to capital? I think it's pretty natural, if your resources are exceptional, to treat that as extending to your immediate family. Therefore it doesn't matter what grades the kid gets because there is nothing they can possibly do that's more important than being your kid, and so they'll automatically be your kid and have access to the resources of your family unit. I don't see a special moral dispensation for, 'this kid APPLIED himself and therefore it's okay that he never had to worry'.
  - jariel 6y ago
    It matters a lot. "it doesn't matter what grades the kid gets because there is nothing they can possibly do that's more important than being your kid, and so they'll automatically be your kid and have access to the resources of your family unit." Just because you love your kid doesn't mean you give them everything. In fact, being superlatively rich probably comes with a whole bunch of extra challenges in raising a kid. No matter how many 'resources' a kid has access to, doing a 'good job' and having a little bit if self discipline are essential to having a good character, being civic, and also creating a positive future for oneself and ones community. Having a 'Lambo' is a very exceptional thing it stands out definitely more than one's peers. A poorly behaved, entitled kid who'll use that Lambo to rub it in the faces of his peers, who accomplishes little doesn't deserve it. Of course not everyone 'get good grades', it's entirely possible a kid is deserving in some way, by grades are at least some crude measure of applying oneself. Frankly, however much money I had I wouldn't even give my kid a Lambo, it's way too much attention and ostentatious luxury, children are not good at handling that. It's excessive and materialist. 'Access to capital' is an entirely different story as investing for the prospect of value creation is difficult than conspicuous consumption of luxury items.
- deleted 6y ago
  [deleted]