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What do you mean? Like having a wife and kids? Or having rich parents and uncles who can pay your expenses while you take risks? Cuz the latter seems like the o
by moron4hire 5y ago
What do you mean? Like having a wife and kids? Or having rich parents and uncles who can pay your expenses while you take risks? Cuz the latter seems like the one most successful founders share.
- vmception 5y agoRegarding the latter, its not the subsidize chance to take a risk, its the subsidized chances, plural. There is a selective evolution towards already wealthy people because everyone else gets one chance and is shut out for the next decade or so working for wages, and god forbid they pursue or get involved in any relationship rite of passage over that next decade, greatly reducing the probability of being able to take a risk without consequences to the relationship.
- moron4hire 5y agoExcellent point
- bennysomething 5y agoExcept that 80 percent of millionaires in the USA are first generation affluent. Google it, primary source is research conducted for the book the millionaire next door.
- moron4hire 5y agoExcept we're not talking about millionaires.
- claudiulodro 5y agoThe impression I got from that book is that the average millionaire is someone in their late 50s just about to retire, and they need that million+ for retirement. Statistically true, but not really relevant to entrepreneurship IMHO.
- spaetzleesser 5y agoMillionaires is probably not the right measure. Look at entrepreneurs. From my observation a lot of them come from families where the parents can help if the business doesn’t work out. This help may come in the form of having a place to move back, help with rent, buy a car, have relatives that have some money to invest. You don’t need millionaire parents for that but it makes a big difference.