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This has been discussed in startupland as well. The idea being: founders often come from fairly wealthy circumstances or support structures. That way, if they
by bredren 4y ago
This has been discussed in startupland as well.
The idea being: founders often come from fairly wealthy circumstances or support structures.
That way, if they fail they can be rescued (~can still move in with mom or dad).
And thus, the wealthy are most at liberty to take risks offering potentially outsized returns without paying the price others might.
- yellowapple 4y agoThis is a key reason why I strongly believe that UBI would be a massive boon to entrepreneurship. If everyone had that sort of safety net, we'd see a lot more startups and a lot more upward socioeconomic mobility.