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It is not just the money that enabled their business. They were also able to tap into a significant social network of people. That was probably more important
by starkd 4y ago
It is not just the money that enabled their business. They were also able to tap into a significant social network of people. That was probably more important than a check for $250K.
- acdha 4y agoFacebook is a great example of that: family money helped but the big win was convincing Harvard students that they could get laid by joining and bringing their high-status friends into the network. I forget the name and Google’s search degradation is making it hard to discover but there was a dispute years back by a woman who was an early hire alleging that she wasn’t fairly compensated for her work promoting Facebook to sororities, which seems like the kind of thing which is easy to undervalue (“it’s just marketing”) but key to having a network-heavy business hit critical mass.