Re:Market is the most important factor in a startup's succes...
by jollybean on Saturday May 01, 2021 @05:00PM
(#27009748)
It's not a prerequisite, but up to upper-middle-class and it helps, but not much beyond that.
Rich kids are not starting good startups. They're not coming from mega mansions driving ferraris. Their parents are professionals, they live in what look like 'normal homes', like 'TV homes'. Usually stable family environments.
They didn't have to worry about stuff and if they got into an Ivy League school they were surely going to go.
If they got into trouble, the risk was dampened.
So 'privileged' but not 'spoiled rich'.
Basically - enough money for the 'good things' that money can get you, while avoiding the 'negative' stuff.
Most founders did not use their parents millions to get the business going.
Rich kids are not starting good startups. They're not coming from mega mansions driving ferraris. Their parents are professionals, they live in what look like 'normal homes', like 'TV homes'. Usually stable family environments.
They didn't have to worry about stuff and if they got into an Ivy League school they were surely going to go.
If they got into trouble, the risk was dampened.
So 'privileged' but not 'spoiled rich'.
Basically - enough money for the 'good things' that money can get you, while avoiding the 'negative' stuff.
Most founders did not use their parents millions to get the business going.