this post was submitted on 24 Oct 2023
843 points (87.9% liked)
Technology
66892 readers
4600 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
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.
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.
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!