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> the only country where you can dream of building spaceships, create multi billion dollar tech companies in less than a decade And all you need is hard work,
by bodge5000 5y ago
> the only country where you can dream of building spaceships, create multi billion dollar tech companies in less than a decade
And all you need is hard work, persistence, and a couple tens of millions burning a hole in your back pocket... and a legion of people, like you, who don't have that kind of capital to do the heavy lifting.
- Thorrez 5y agoWhat percent of top tech companies were funded by multiple millions in personal or family money? We're on YC's website, which invests $500k in startups ($125k until just recently). I thought most startups were venture funded.
- bradlys 5y agoMany startups get a lot of family and friends funding. On top of this - a lot of startups are having someone do unpaid work before they get funded. This usually means someone had support to pay rent, food, insurance, etc. Varies a lot but all the people I know who are relatively young and doing startups come from pretty wealthy families.