this post was submitted on 24 Oct 2023
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I wonder if he didn't have his family's money, could he have been successful?
That’s the story of most ultra rich people. It’s hard to fail when you have that much money.
They do fail - upward. Everyone else gets to bounce off the ground & climb up again, they just move on to something better.
These wealthy entrepreneurs think they're brilliant risk takers, but overlook the fact that what would be a huge risk for most people is not much of a risk for them.
When you have 1M$, making another one is easy. That first one is hard though.
It's also really easy to lose the first 1 mil.
I think the connections were more important than the money. Reliable sources are hard to come by, but by all accounts he and his dad hate each other. Some accounts say he stole thousands of dollars from him, but it was likely less than a million that he was able to get. Moreso got lucky and had good connections so sell things.
You have a great point there.
nope!