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.
[ Parent
| on HN ]
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.