Entrepreneurs don’t have a gene for risk – they come from families with money
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Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#2Previous discussion: https://news.ycombinator.com/item?id=9913774
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#3I missed it the first time round (https://news.ycombinator.com/item?id=9913774).
This aligns with Maslow's Hierarchy - https://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs In other words, to reach a level where one pursues respect or self-actualization, one has to have their physiological and safety needs met first.
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#4Article's thesis mixes means with cause. Quite poor.
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#5In other words, starting a business isn't much different than it was in the past - capital and connections are essential. Sure, there're exceptions when someone with little money and hard work managed to grow their business, but they're that - exceptions. The older I am the more I realize how naive thinking "I just need to create something better than my competitors!" really is. You can have a mediocre product but with capital for heavy marketing and connections to acquire early customers you've much bigger chance of success than "just" having a good product.
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#6In other words, starting a business isn't much different than it was in the past - capital and connections are essential. Sure, there're exceptions when someone with little money and hard work managed to grow their business, but they're that - exceptions. The older I am the more I realize how naive thinking "I just need to create something better than my competitors!" really is. You can have a mediocre product but wi…
No matter how good the product is, if the distribution is poor, it will go no where.
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#7“This whole bulk of the population is being seduced into thinking that they can just go out and pursue their dream anytime, but it’s not true.”
Cool. Know your place, leave enterpreneurship to blue bloods - that's the conclusion?
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#8[deleted]
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#9“This whole bulk of the population is being seduced into thinking that they can just go out and pursue their dream anytime, but it’s not true.” Cool. Know your place, leave enterpreneurship to blue bloods - that's the conclusion?
> “This whole bulk of the population is being seduced into thinking that they can just go out and pursue their dream anytime, but it’s not true.”
> Cool. Know your place, leave enterpreneurship to blue bloods - that's the conclusion?
No.
"When basic needs are met, it’s easier to be creative; when you know you have a safety net, you are more willing to take risks. “
The solution is providing a social safety net that enables that bulk of the population to pursue their dream.
Re: Entrepreneurs don’t have a gene for risk – they come from families with money
#10“This whole bulk of the population is being seduced into thinking that they can just go out and pursue their dream anytime, but it’s not true.” Cool. Know your place, leave enterpreneurship to blue bloods - that's the conclusion?
Either that, or eat the rich.