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A comment on The data are clear: The boys are not all right. Parent comment

Re:The data are clear: The boys are not all right by bodge5000 on Thursday February 10, 2022 @03:12AM (#30283561)
> the only country where you can dream of building spaceships, create multi billion dollar tech companies in less than a decade

And all you need is hard work, persistence, and a couple tens of millions burning a hole in your back pocket... and a legion of people, like you, who don't have that kind of capital to do the heavy lifting.

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Re:The data are clear: The boys are not all right by Thorrez on Thursday February 10, 2022 @04:05AM (#30283901)
What percent of top tech companies were funded by multiple millions in personal or family money? We're on YC's website, which invests $500k in startups ($125k until just recently). I thought most startups were venture funded.
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Re:The data are clear: The boys are not all right by bradlys on Thursday February 10, 2022 @12:37PM (#30289711)
Many startups get a lot of family and friends funding. On top of this - a lot of startups are having someone do unpaid work before they get funded. This usually means someone had support to pay rent, food, insurance, etc.

Varies a lot but all the people I know who are relatively young and doing startups come from pretty wealthy families.

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