Where do rich families come from?
where do rain droplets come from?
Entrepreneurs don’t have a special gene for risk, they come from rich families
11–20 of 81 posts
Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#12Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#13This reminds me of one particular company where the press friendly founder back story is all about bootstrapping with credit cards when in reality both founders had millionaire parents who had invested a whole bunch into it.
Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#14What a silly statement. Having access to family wealth does make many things in life, including being an entrepreneur, much easier but there are plenty of examples of entrepreneurs who have come from much more humble backgrounds.
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Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#15Where do rich families come from?
hard work, determination, consistency, outperforming
Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#16Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#17Complete, utter garbage. Cites no statistics.
The truth is, about 25% of new businesses in the US are started by first-generation immigrants. 30% of new business owners only have a high-school education. Here are a few more stats: https://www.smallbizgenius.net/by-the-numbers/entrepreneur-s...
Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#18It is simple.
1. Some people take risk because they CAN and probably what they have seen from their family/parents (a.k.a rich/privilege). It is the cool thing to do.
2. Some people take risk because they WANT to regardless of their family situation (I am in this category). I just cannot see myself working in a job.
3. Some people take risk because they HAVE to. They have nothing else going on for them and doing their own thing is the only thing they can try. I am sure there are quite a few entrepreneurs in this category. They were desperate and just tried something of their own as the only last option.
So yea, entrepreneurship can never be generalized. We can argue on the percent breakdown b/w the 3 categories above. CAN, WANT, HAVE TO
Re: Entrepreneurs don’t have a special gene for risk, they come from rich families
#19Where do rich families come from?
Slavery. White supremacy. Privilege.
I don't think that this is a serious response but it deserves a rebuttal anyway. 80% of millionaires in the USA are first generation. Of that other 20% basically none goes back to slavery. Slavery made some people quite wealthy but it doesn't scale the way a modern corporation does so we are talking multi millionaires not billionaires. That level of wealth just doesn't last that long. One side of my family were slave owners in north Carolina and that money didn't even make it to my grandfather. Anecdotal but that's usually how it goes.