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You are thinking from the perspective of someone from wealth... That's quite a feat, given that I'm not from wealth at all. I've probably got more money than a

You are thinking from the perspective of someone from wealth... That's quite a feat, given that I'm not from wealth at all. I've probably got more money than anyone else in my family and I've earned it mainly from salaried employment and personal investments. The opportunity costs you've described apply equally well to someone who came from wealth - resume gap, time spent not working, no job, etc. I'm not disputing that startup capital from family would be helpful. I'm disputing the article's implication that the amounts of capital needed are unavailable to regular people, or that only people from wealth can start a business.

unprepare 11y ago
>I've earned it mainly from salaried employment and personal investments If investment income is a relevant part of your income stream, then congratulations - you are among the wealthiest and most financially literate of all americans. You are now someone who speaks from a position of wealth because of this. >opportunity costs you've described apply equally well to someone who came from wealth Oh really? Because when youre poor and your parents live in a one bedroom apartment and cant afford food for an extra person, maybe youve even been sending them money because they have problems keeping up with their bills and being able to eat everyday. Thats the same as a stanford grad, whose parents live nearby in a 4 bedroom plus house, can easily afford to send their children money when they need it, let alone allowing them to move back home with free room and board at any time. If you honestly dont see a difference, from the perspective of starting a business, between these two people, then we have nothing further to discuss. > or that only people from wealth can start a business. I have yet to see the article or a single commenter make this claim.

unprepare 11y ago

>I've earned it mainly from salaried employment and personal investments If investment income is a relevant part of your income stream, then congratulations - you are among the wealthiest and most financially literate of all americans. You are now someone who speaks from a position of wealth because of this. >opportunity costs you've described apply equally well to someone who came from wealth Oh really? Because when youre poor and your parents live in a one bedroom apartment and cant afford food for an extra person, maybe youve even been sending them money because they have problems keeping up with their bills and being able to eat everyday. Thats the same as a stanford grad, whose parents live nearby in a 4 bedroom plus house, can easily afford to send their children money when they need it, let alone allowing them to move back home with free room and board at any time. If you honestly dont see a difference, from the perspective of starting a business, between these two people, then we have nothing further to discuss. > or that only people from wealth can start a business. I have yet to see the article or a single commenter make this claim.