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Sure - those are some very specific examples. But whatever town you're in, drive around the nice areas. Those $1M-$5M houses with BMW's or etc. Are they gangste
by czbond 4y ago
Sure - those are some very specific examples. But whatever town you're in, drive around the nice areas. Those $1M-$5M houses with BMW's or etc. Are they gangsters and warlords? No, they're just normal people who tried and took a different path. Some by luck, some by skill, some by experience.
Just as one can't judge a person who's on the streets - one can't judge a wealthy person with such lenses.
- wootland 4y agoThe vast majority of those people are middle/upper-middle class people in massive debt. The kind of upper-class Harvard grad that VCs like are most definitely of the old money variety.
- ameister14 4y ago>The kind of upper-class Harvard grad that VCs like are most definitely of the old money variety. Do you have any evidence for this? [edit] Of course, you'll likely be able to find a single case and that's any evidence. So how about is there sufficient evidence to support your conclusion that "old money" is getting all the VC funding?
- wootland 4y agoI don't think there's been research done on generational wealth of funded founders, but there's plenty that shows highly skewed investment patterns: https://techcrunch.com/2021/08/29/diversifying-startups-and-vc-power-corridors/ https://techcrunch.com/2021/08/29/diversifying-startups-and-...