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Doesn't fit in with what I've seen personally. Most of the people I know who've started companies have parents in high-paying jobs where they work for someone e
by jeffreyrogers 6y ago
Doesn't fit in with what I've seen personally. Most of the people I know who've started companies have parents in high-paying jobs where they work for someone else, e.g. finance, medicine.
Edit: I'm also not saying you need to have family help to be a successful entrepreneur. Maybe the most successful person I know personally did it on his own, but he is unusual.
- p2501 6y agoFrom my anecdotical experience: more children from well off families are optimistic and have more tolerance to economic risks. It's not that they need the family's money to start a venture, but that they know they can fall back on it, if it doesn't go well
- AlchemistCamp 6y agoFields like finance and medicine require both a good amount of intelligence and an exceptional work ethic. Perhaps if the source of the parents' money were lottery winnings, the correlation with entrepreneurial success would vanish.
- jeffreyrogers 6y agoYes, except I'm mostly talking about Harvard grads, so everyone is smart with a good work ethic.
- akhilcacharya 6y ago"Everyone"? Isn't that the community college that Jared Kushner went to?
- jeffreyrogers 6y agoYeah, he sure sounds like a low achiever.
- akhilcacharya 6y agoThis, but unironically. https://www.propublica.org/article/the-story-behind-jared-kushners-curious-acceptance-into-harvard https://www.propublica.org/article/the-story-behind-jared-ku... Society will be far better off once Harvard's endowment is taxed and redistributed to oblivion.
- mav3rick 6y agoYou wouldn't say this if you got into Harvard. You've admitted as much in your other comments.
- akhilcacharya 6y agoWhat's your point? Spread the wealth around for the rest of us regardless.
- anonuser123456 6y agoRisk tolerance and deferred gratification are heritable traits.