3 ms·

you dont get a lot of cashflow if you begin your professional life with a 100.000$ debt.

• ebiester 14y ago
  So, an eighteen year old without that debt is going to have a better shot? Let's not talk about the case where the child has a trust fund, or wealthy parents, or is incredible at a skill. Let's talk about the average 18 year old. Considering that nobody in their right mind would give that 18 year old a business loan, where are they getting this capital to start a business? (Remember, due to the recession, the traditional entry level job is taken by people with significantly more experience, making the skill and income acquisition portion of the program harder.) When I hear this advice, I usually hear it from people born on second base and think they hit a double.
  • chii 14y ago
    > nobody in their right mind would give that 18 year old a business loan that's only if the giver of the funds is an irrational actor. if the business proposition has meat, they ought to be able to get funds. The next gen of fund raising would very much be like kickstarter (except this time, you actually get equity, not just a preordering system). I suspect you could even keep the identity/private information of the founder a secret, and make the proposal and get judged by that alone.