Re:Sam Bankman-Fried found guilty on all charges
by FFP999 on Friday November 03, 2023 @10:26AM
(#38129268)
Hey, Musk did one thing right: he picked fabulously wealthy parents.
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Re:Sam Bankman-Fried found guilty on all charges
by ralfd on Friday November 03, 2023 @11:32AM
(#38130341)
https://www.astralcodexten.com/p/book-review-elon-musk
> Musk claims to be self-made; he moved to Canada at age 17 with $2500 and worked his way up from there. For a while he supported himself by cutting logs, Abe Lincoln style. Nobody paid for his college and he took out $100,000 in debt. Musk’s father invested $28,000 in his first company, but Musk dismissed this as a “later round” and claimed he was already successful at that point and would have gotten the money anyway. The total for that round was $200,000, so Musk’s father’s contribution was only about 15%.
> Obviously there’s still some sense where he benefited from a privileged upbringing or whatever, but in a purely business sense he’s mostly self-made.