Re:Decline in Independent Activity as a Cause of Decline in...
by Aeolun on Sunday October 15, 2023 @08:05AM
(#37889059)
A few people turning out well does not negate all the ones that failed. The US has a ton of millionaires, but only a few successes.
Re:Decline in Independent Activity as a Cause of Decline in...
by pfannkuchen on Sunday October 15, 2023 @11:14AM
(#37890420)
What’s an example? I thought the family safety net was a bigger factor in children from wealthy families starting riskier ventures earlier in life and perhaps serially. I’ve never heard of a company starting like you describe so I assume it isn’t that common, but maybe people just don’t talk about it much? Or maybe you are just exaggerating the loan magnitude by quite a lot?
See the list of "self made" billionaires who started with a small loan of a couple 100 mil from their parents for examples.