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Usually rich parents. That said, looks like this guy is actually more of a "self made man" as he started several businesses out of college with moderate succes

Usually rich parents. That said, looks like this guy is actually more of a "self made man" as he started several businesses out of college with moderate success. The first was an alarm company (Spoiler, those are generally MLMs and there's 100 of them). Looks like he was just successful enough at it. It's not shocking to me that someone who starts an MLM ends up in trouble with the SEC.

xnx 1y ago
> It's not shocking to me that someone who starts an MLM And it's not shocking that someone from Utah starts an MLM. MLM and other scams seem to be the main industry in Utah.
- deleted 1y ago
  [deleted]
- rhcom2 1y ago
  Along with soda shops and cookie companies. A non-snarky comment is in my experience the LDS church puts a great deal of emphasis on entrepreneurship, wealth, and "excellence in all things" that leads some to do great things and others to shamelessly steal and cheat.
  - terminalshort 1y ago
    Beats the hell out of the "everybody successful got there by luck and/or being a bad person" attitude around here, that's for damn sure.
  - skippyboxedhero 1y ago
    Fraud is an essential subcomponent of entrepreneurship. You cannot have one without the other. If I am trying to get you to invest in something, you have to swap cash today for a vague promise about the future. This does not make it less wrong but fraud is essential.
    - lotsofpulp 1y ago
      Your definition of fraud is nonsense. > wrongful or criminal deception intended to result in financial or personal gain There is no reason entrepreneurship has to involve deception.
deleted 1y ago
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boringg 1y ago
[flagged]
- komali2 1y ago
  Rich parents were cited as a reason for success, not as a thing to criticize. Perhaps people aren't blaming wealth for everything like you think?
  - cogman10 1y ago
    Correct. It's somewhat morally neutral in my view if someone is successful because their rich parents funded their aspirations. However, it has to be recognized just how insular big successful businesses are. It's more the exception, not the rule, that someone goes from rags to riches. They usually have a rich family member backing them. It's not what you know, it's who you know.
- thoroughburro 1y ago
  > instead of blaming rich parents -- maybe lack of integrity and willingness to be a fraud People with integrity don’t get rich. Rich people have no integrity to teach to their children. Same problem.
  - cogman10 1y ago
    I disagree. I think the lack of integrity can make it easier to be rich. I also think it is required to become a billionaire. That said, I've known more than a few rich people who are good people.
    - terminalshort 1y ago
      So where is your evidence that there's any difference between those people and a billionaire? Where is your evidence that there is some regime change in business success that requires a change in the type of person that can achieve it? Sounds like nothing but envy to me.

xnx 1y ago

> It's not shocking to me that someone who starts an MLM And it's not shocking that someone from Utah starts an MLM. MLM and other scams seem to be the main industry in Utah.

deleted 1y ago
[deleted]
rhcom2 1y ago
Along with soda shops and cookie companies. A non-snarky comment is in my experience the LDS church puts a great deal of emphasis on entrepreneurship, wealth, and "excellence in all things" that leads some to do great things and others to shamelessly steal and cheat.
- terminalshort 1y ago
  Beats the hell out of the "everybody successful got there by luck and/or being a bad person" attitude around here, that's for damn sure.
- skippyboxedhero 1y ago
  Fraud is an essential subcomponent of entrepreneurship. You cannot have one without the other. If I am trying to get you to invest in something, you have to swap cash today for a vague promise about the future. This does not make it less wrong but fraud is essential.
  - lotsofpulp 1y ago
    Your definition of fraud is nonsense. > wrongful or criminal deception intended to result in financial or personal gain There is no reason entrepreneurship has to involve deception.

deleted 1y ago

[deleted]

boringg 1y ago

[flagged]

komali2 1y ago
Rich parents were cited as a reason for success, not as a thing to criticize. Perhaps people aren't blaming wealth for everything like you think?
- cogman10 1y ago
  Correct. It's somewhat morally neutral in my view if someone is successful because their rich parents funded their aspirations. However, it has to be recognized just how insular big successful businesses are. It's more the exception, not the rule, that someone goes from rags to riches. They usually have a rich family member backing them. It's not what you know, it's who you know.
thoroughburro 1y ago
> instead of blaming rich parents -- maybe lack of integrity and willingness to be a fraud People with integrity don’t get rich. Rich people have no integrity to teach to their children. Same problem.
- cogman10 1y ago
  I disagree. I think the lack of integrity can make it easier to be rich. I also think it is required to become a billionaire. That said, I've known more than a few rich people who are good people.
  - terminalshort 1y ago
    So where is your evidence that there's any difference between those people and a billionaire? Where is your evidence that there is some regime change in business success that requires a change in the type of person that can achieve it? Sounds like nothing but envy to me.