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The question is how many people get $250k from their family and lose it all. Everyone's life is a mix of skill and luck, so to discredit skill, you would need
by WarmWash 4mo ago
The question is how many people get $250k from their family and lose it all.
Everyone's life is a mix of skill and luck, so to discredit skill, you would need to quantify the luck. An easy example is a lottery winner, a hard example is a Bezos. Any investor with the foresight to see what Bezos could do with grans money, would jump past her in line and give him triple.
- bluefirebrand 4mo ago> The question is how many people get $250k from their family and lose it all I don't think that really matters? The fact that they even had that shot at all is such an incredible opportunity above people whose family simply cannot afford to even try
- WarmWash 4mo agoBut if you have the skill to turn $250k into much more money, anyone with $250k and that knowledge will give it to you. There are far far more stories of investors giving nascent broke startups money than families.
- grumpy_coder 4mo agoYou have to have access to far more than $250k to be willing to blow that creating a startup. I may give my kids $250k for a house to live in. I do not have enough for them to yolo it on a dot com startup.