Hacker News new | ask | show | jobs
by enraged_camel 2991 days ago
>>I strongly disagree with your second point. There are quite a few very successful entrepreneurs who have started companies while being mired in terrible financial circumstances

Textbook example of self-selection bias and survivorship bias.

Even if you compiled a list, it would tell you nothing about the number of people who would have started companies had they not been mired in terrible financial circumstances.

1 comments

If you compiled a list of all successful entrepreneurs and it was overwhelmingly full of ones who were poor when they started, it would suggest that such circumstances raise the chance of being able to succeed as an entrepreneur. More analysis of different stats would have to be done to elevate that beyond just a suggestion. Personally I feel that at least to some degree it could be the case. (Necessity is the mother of invention, and limitation actually helps creativity far more than abundance) I didn't grow up poor necessarily, though there were times growing up that things were limited quite a bit. I do believe these times are disproportionately responsible for my abilities today, as well as happiness.