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I have genuinely struggled to find this information. * How wealthy was Elon before starting his own products ? * How much of this investment in various compan
by screye 6y ago
I have genuinely struggled to find this information.
* How wealthy was Elon before starting his own products ?
* How much of this investment in various companies was non-bootstrapped / not momentum from a past sale ?
________
I feel that many people born rich do not wider idea behind Henry Ford's famous quote:
" don't ask me how I made my first million. "
It highlights the inbuilt privilege that those born rich/stable have, and the luck/shady-ness required to reach that 1st point. Would Musk have been able to do any of the things he does if zip2 wasn't such a huge success. Would have been able to start anything if he didn't have the financial stability due to being born rich or the access granted by a network at UPenn.
I'd say the goalpost has been moved to the point of FIRE. A silicon valley employee won't be able to take any of the risks/efforts needed to summon lady luck. If you're spending 60 hrs/week at work, have family to support or simply a bad visa situation, then good luck taking your 1st leap.
"The 1st million don't pop out of thin air."