Startup Risk Privilege

This is one of those tough life lessons that I have also suffered. First, the vast majority of startups failed, and unless you have something to fall back on (like rich parents), you should _not_ take on the risk of starting a company unless you have adequate funding.The truth about starting a business is that the vast majority fail, and those who succeed typically come from privileged backgrounds. It's very rare for legitimately poor people to succeed because you cannot take the same ri

Starting a startup is not equally risky for everyone. Some people have their own safety net (family, saved up money, etc) while others don't, making it too big of a risk to start a company.Most entrepreneurs I know didn't take any crazy risks. They knew they'd be ok if their startup failed. Many people don't have that luxury.

Your post smells like almost anybody who doesn't work in a start up is shit.Its far more easier to say all this when you tons of financial support to fall back on in case of failures. And there are a lot of rich kids I know who do it. I have friends who happily didn't finish their graduation, worked at call centers and threw random efforts at businesses and failed. Often is such cases, some one else is footing the bill. And most of your failures are sponsored by the person's dad or elder brot

Not having money will generally screw your chances with women and is very well documented. Instability I don't know about. I can't imagine it'd help.Gates was funded by a wealthy attorney father. Apple got revenue fairly quickly and was huge soon after launch.Amazon I don't know about but the site was a market darling even during the years they hemorrhaged money. That funding would provide a more stable environment than some basement shop without Ivy league credentials struggling to at

There is usually another reason (and I share it) : they don't have enough money to start their own company without it being too big a risk. It is an order of magnitude easier to take risks when you already have enough money so that your family is not at stake...

The people who get to have the option of a multi-multi million dollar exit are the ones who start at the beginning when the company is worth nothing. Most people who can't afford basic necessities also can't afford to take the risk of starting something new. In fact, I would say it's a terrible decision in that case, akin to buying lottery tickets. The far easier way to guarantee "basic necessities" in tech is train up, get a good job, be frugal. You could have enough to

I feel like it stands to reason that, were a person who could be a successful entrepreneur given all the resources/time necessary to start a business, they would have a higher chance of trying at the very least. There's all sorts of people who are stuck making wages to provide their family and can't afford to take a risk. Those without the means who do end up taking the risk can fall quite hard.

I think, in this forum more than any other, it is clear that this article is way too simplistic. It also makes sense that a start-up needs to be monetised / pay for itself. That said, whether because of family money or the economic-cost of giving up a stable job, it is true that more financially stable people (rather than necessarily the most creative or smartest people) have more chance of founding and sustaining a start-up. Maybe that is just "the way it is" but could there be a

For himself? No.But, a lot of this advice like “take risks” is much easier to do when your failures don’t result in losing everything. If a poor person starts a business and fails they might not be able to afford to eat. If Sam Altman failed would he have been pushed to a similar place on the socioeconomic ladder? My guess is no. It’s much easier to fail when your failure state is that you can rely on your well off family with relatively little hardship.

> Cause (in case I’m smart enough at all) I have no courage to risk and implement a working thing by myselfThe risk of the same action (e.g. spending a year on getting a startup to work out) differs based on your background, too.Let's say you make minimum wage. That reduces the amount of money you can invest in your startup, lowering the chances of success while also shortening the runway. The risk here is might even be homelessness.If you are backed by a reasonably wealthy fami