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by blitzar 983 days ago
> It turned out that, despite the best of intentions, such support almost inevitably wound up with destructive emotional dynamics

See the list of "self made" billionaires who started with a small loan of a couple 100 mil from their parents for examples.

2 comments

What’s an example? I thought the family safety net was a bigger factor in children from wealthy families starting riskier ventures earlier in life and perhaps serially. I’ve never heard of a company starting like you describe so I assume it isn’t that common, but maybe people just don’t talk about it much? Or maybe you are just exaggerating the loan magnitude by quite a lot?
A few people turning out well does not negate all the ones that failed. The US has a ton of millionaires, but only a few successes.