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> Having parents who are presumably supportive and can provide This is huge. I used to be very active in a sport that tends to attract rich people. Having myse
by jjav 5y ago
> Having parents who are presumably supportive and can provide
This is huge. I used to be very active in a sport that tends to attract rich people. Having myself grown up very poor, it was my fist window of visibility into that segment of society. I was always surprised by how many kids (in their 20s) were running startups as founders.
On one hand, they were living the full sacrifice. Taking no salary, living in a cramped apartment with cofounders, working so hard. So if any of them made it (I lost track), they did work for it and sacrificed.
But until I got to know them a bit better I always wondered how they're able to take on so much risk? What if it didn't work out? Having grown up poor I've always been hyper-aware of financial risk of every decision so I couldn't understand this.
The answer is that for them there was no risk. It was always a variant of "Dad is paying my apartment and food and gave me four years to give this a go, if it doesn't work out I'll shut down the startup and he'll hire me into his company".