Is success tied to having rich parents?
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Is success tied to having rich parents?
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Re: Is success tied to having rich parents?
#2It seems silly trying to compare yourself to Musk or any other top dog. A lot of people are content just mastering their own little corner, providing for a family, contributing to their communities. That's success, a startup just gives you more control on what corner and what communities you want to be involved in.
Re: Is success tied to having rich parents?
#3It raises your chance of success quite a bit.
However there are other ways of raising your chance of success. I'm working on something to help founders of all backgrounds: https://cxo.industries
Re: Is success tied to having rich parents?
#4Obviously- it's much easier to start a company when you have a safety net to catch you. That does not mean that mean only rich people can start companies, but it does mean it's a lot easier for them.
Re: Is success tied to having rich parents?
#5It's basically a rigged game from the start - Including YC. It's also quite ridiculous to compare yourself to those people. It's symptoms of survivorship bias all over again.
Re: Is success tied to having rich parents?
#6All risk is not equal, all reward is not equal. Some people can't afford the startup process.
Re: Is success tied to having rich parents?
#7It raises your chance of success quite a bit. However there are other ways of raising your chance of success. I'm working on something to help founders of all backgrounds: https://cxo.industries
I hope this works. Do you have rich parents?
Re: Is success tied to having rich parents?
#8Start with basics. What’s rich? Parents who let you live in the basement rent free? Because that’s a huge leg up yet something most middle class can offer.
Re: Is success tied to having rich parents?
#9Once you don't have to worry about not having to pay rent, not having to pay electricity etc then your appetite for risks grows. To get to that point you either need to start from a rich household (parents) or get to a certain age, have some money to support you (from previous work) and then go into entrepreneurial experiments. This is a big reason why you see older entrepreneurs embarking into that journey.
Re: Is success tied to having rich parents?
#10Rich parents means you eat better, have access to higher quality resources, have more time for fitness, more time to go to the doctor for preventative issues.
Rich parents means you don’t have to work two jobs or work while studying. Means you have free “consulting” on life decisions from the perspective of the upper class. Means you access to new things like computers, phones, cars, etc.
It’s a huge advantage to come from a successful family. It means you don’t have to spend the majority of your time in survival mode but can instead invest in growth opportunities.
I would say there’s an enormous advantage coming from a rich family but it’s not the only requirement.