Re:How to Pass a Programming Interview
by e40 on Tuesday March 08, 2016 @04:25PM
(#11248805)
Which is why you get only upper class people funding upper class people
In my experience it's even narrower than that. In many cases, there is a pre-existing relationship between the investor/founders.
I once met (in a restaurant, because we had kids the same age that were making eyes at each other!) a serial entrepreneur. When we got to know each other he confided that his investors were friends from school (some Ivy league school, don't remember which) that would give him money for some idea, he'd start the company then they'd find a buyer. He'd done this 3-4 times already, and he was about 40.
I know this example is one data point, but I've run across it in other situations, too.
In my experience it's even narrower than that. In many cases, there is a pre-existing relationship between the investor/founders.
I once met (in a restaurant, because we had kids the same age that were making eyes at each other!) a serial entrepreneur. When we got to know each other he confided that his investors were friends from school (some Ivy league school, don't remember which) that would give him money for some idea, he'd start the company then they'd find a buyer. He'd done this 3-4 times already, and he was about 40.
I know this example is one data point, but I've run across it in other situations, too.