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by ericd 1075 days ago
That doesn’t seem to say that entrepreneurs rely on family money other than a couple of tired anecdotes about Musk/Gates. It’s mostly saying that successful entrepreneurs tend to come from more successful parents, but I’m pretty sure that’s true of success in most things. Having successful parents tends to help the kids a lot, and the money itself is among the least important ways, imo.

And it wasn’t meant to be directed at you (I’m glad you’ve found success), just that it’s a self-defeating attitude that’s distressingly common. Family money itself is not important when starting something. Though it is helpful to have a couch to fall back on if you need it.

1 comments

Did you see the study? There is a whole study they did, it's not just the first paragraph or two with the anecdotes, there is meat later in the article that addresses your "plot holes"

Also see this data: "University of California, Berkeley economists Ross Levine and Rona Rubenstein analyzed the shared traits of entrepreneurs in a 2013 paper, and found that most were white, male, and highly educated. “If one does not have money in the form of a family with money, the chances of becoming an entrepreneur drop quite a bit,”

https://www.theatlantic.com/business/archive/2013/08/entrepr...

Do you have a direct link to the underlying study?