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The whole point of the post you're responding to is that it's not a random outcome; it's an outcome driven by a strategy that is specifically useful for people
by idopmstuff 4y ago
The whole point of the post you're responding to is that it's not a random outcome; it's an outcome driven by a strategy that is specifically useful for people with $0 in the bank and middle class connections. You're talking about $300k in the bank, but the quote you included literally says "almost no monetary investment."
- coldtea 4y agoIt's still a random personal anecdote. And the "strategy" is an empty trivial advice. Do you think other poor people trying to start businesses don't try to do it with "almost no monetary investment"? Not only they try that, that's the only way they can afford to try anyway. Still no match for a big monetary investment, and still much much harder for them to get the same outcomes as an enterpreneur coming from privilege. Notice also how the claim isn't that it's impossible (or inversely, that the rich always succeed to build a succesful business), but that it is much much harder, and the upper middle class/rich/connections people have it much easier.
- qup 4y agoChiming in with my random personal anecdote: I worked a very low-paying job, started with zero dollars, saved my money, and took a shot on a business with less than 5-figures. This system is very repeatable. I'm 13 years in.
- winstonprivacy 4y agoI did something similar, so there you go... now you have three "random" anecdotes.
- anony23 4y ago1000 similar random anecdotes would still be random anecdotes.
- anonGone73 4y agoNo ones anecdotes in this thread are random. The majority of failures are not reading this.
- mattgreenrocks 4y agoThis is cynicism disguising itself as wisdom. Of course people with privilege have it easier. The whole world runs on the Matthew Effect because it's too lazy to do anything else. It isn't just or fair. Until you can fully accept that truth and do things despite that, you're stuck. Me? As someone who rarely is fully confident about things, I'm fully confident I'll achieve some moderate success in bootstrapping if only because I have internalized the meta-belief that I can learn, adapt, persevere, and work toward the future I want, regardless of how long it takes, how successful I am, or any other external indicators. Agency is a powerful meta-belief. In that sense, I've already won, I'm just enjoying the journey and what I'm learning. And, one day I'll start cutting the strings of trading time for money.
- mrangle 4y agoCynicism, and its brother pessimism, are absolutely necessary to survive and thrive in business. Unbridled optimism is generally for future failures.
- mattgreenrocks 4y agoCynicism that keeps you out of the game is maladaptive...if you want to be playing that game. Nobody is arguing for unbridled optimism.
- coldtea 4y ago>This is cynicism disguising itself as wisdom Nope, just reality described as is. >Of course people with privilege have it easier. (...) Until you can fully accept that truth and do things despite that, you're stuck. That, on the other hand, is fatalism described as realism. Nothing ever changed without outrage about how things are. And even less by people accepting them and trying to get by "despite that".
- JohnFen 4y ago"Every pessimist thinks themself a realist."
- mrangle 4y agoAnd what strategy was that, exactly?