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I think in conversations like these most people on the successful side underestimate how valuable the starting advantages were, and most people not on the succe
by pmichaud 1y ago
I think in conversations like these most people on the successful side underestimate how valuable the starting advantages were, and most people not on the successful side overestimate how valuable the starting advantages were. Meanwhile almost everyone misunderstands what the advantages really are.
People will talk about the $300k loan Bezos started with and think "boy golly, with 300 THOUSAND dollars, I could do anything!" meanwhile millions of people with much more than that fritter it away on nothing, even if they are trying not to. It takes something more to be Bezos.
Whereas the proverbial Bezos will think about the grit and determination it took to march for decades through treacherous financial and political swamps, and think "would I have let a lack of an initial 300k stop me from even starting? Would I have failed to secure the capital and cooperation without that seed? Given the heroics I've pulled over the years? Hell no, that wouldn't have stopped me."
But here's the part that most people misunderstand. The 300k is a small advantage, it might have made a difference, and some cases might make THE difference, but it's only the most concrete, obvious advantage. The real thing is like this:
In my earliest memories I was pretty poor, but also in those memories both my parents were going to university, while my dad was packing fiberglass at a factory. Then they graduated and he got a job and we became suburban middle class, my dad staying at his big corporation for the rest of his life, while my mom more or less stayed at home although she went back to school and ended up about half way through a PhD program. I would think about what career I wanted as a child, and what school I might go to, that sort of thing.
Fast forward to my first wife who I met when I was 17. She is self described "british ghetto trash," and she emigrated because she couldn't escape her accent, in a phrase. She taught me what I didn't know about privilege, at a time before that was a term anyone was using for this purpose. The reality she knew in the council housing (ie projects) where she grew up was that her dad was a scam artist flake who floated in and out of her life without regard for the many promises he made, and whenever he pulled off a big one he'd show up and splash a little cash around before running off again. He was far from ashamed, he was a "2 types of people in this world!" type scammer. Her mom wasn't much better, basically scamming the government for benefits, working whatever angle she could but never actually "working working."
My ex never thought about careers or schools or anything. She thought about what scam she could pull to make it to next month. It was a weird series of events that brought her across the pond, and into university and beyond.
That's what Bezos had that my ex didn't have. He thought he belonged inside society, he thought he could do things and that people would let him. He thought that so very much that never even had to think it consciously. The same for her but opposite, the idea of participating in society at all, never mind changing it was utterly foreign to her experience.
I think it was crushingly more important than the 300k in terms of pivotal advantages. It sucks to start with bad cards, but it's much tougher to not be in the game in the first place.
- solarmist 1y agoThis is such a good point. People tend to focus on money as the main form of privilege, but that internalized sense of “I belong here” might matter even more. It’s not just confidence—it’s a kind of default assumption that you’ll be taken seriously, that you’ll have options, that failure won’t wreck your life. I’ve seen it in startups too. Some founders take bold risks because they know, consciously or not, that if it doesn’t work out, they’ll be fine. Others carry the weight of “I can’t afford to screw this up,” and that changes how they operate. Even if they’re equally capable, the emotional cost of risk is just higher when you don’t have that built-in safety net. And from the outside, those differences are invisible. Both people might succeed, but one was playing on easy mode and didn’t know it. The other had to brute-force their way through every step. That gap is real, and we don’t talk about it enough.
- umbra07 1y agoCan't you just as easily make the opposite argument? Founders that have a safety net have less drive and motivation to give it their all, because they have a safety net. They simply just don't have the same pressure to not fail, because if they do - no biggie. The founder with no safety net, no real backup, needs to give it his all, because he's doomed if his idea doesn't work out.
- solarmist 1y agoI’m not sure you really can, at least not in the way it’s often portrayed. Founders usually need a high level of skill or a clearly transferable capability in something already valuable. That phrase gets repeated a lot, but the more I think about it, the more it feels like an oversimplification. Maybe there’s a version of it that works, but it’s probably more about reframing or uncovering hidden leverage than starting from zero.
- ryandrake 1y agoMoney, education, powerful parents, safety nets, a good upbringing: these things are levers that multiply the work you put into things. I think a lot of people put the maximum effort into their work and lives, but these levers mean that existing privilege will usually result in amplified results for the same input level of effort.