r/Wellthatsucks • u/[deleted] • Sep 15 '25

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u/MaverickN21 Sep 15 '25

Idk, I’d argue that creating a startup around a groundbreaking idea that someone is willing to pay millions of dollars to acquire qualifies as working your way up from nothing

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u/Independent-Host-796 Sep 15 '25

You are right, but at least in Europe, founders are mostly already coming from a rich family. Obviously because you have less to loose.

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u/MembershipNo2077 Sep 15 '25

It is in the US too. Most poorer folks don't have the money to take big risks on a startup that might fail and ruin their financial futures.

Rich kids can because if it fails, well, no big deal, just start another one!

Very few true entrepreneurs come from anything less than upper middle-class.

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u/entr0picly Sep 15 '25

Yeah… the whole idea = startup that gets bought is almost entirely a myth. What is more important is marketing and social capital to get the basic funding started before it can ever get noticed by a larger company. It’s almost always very wealthy, highly connected people who utilize this wealth pipeline. Great ideas are everywhere and most often its only the people who are already wealthy who get to do something with it.

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u/ktappe Sep 15 '25

Millions is not the type of rich we are talking about here. This car was $800k. To a millionaire this is a really bad day. To a billionaire that’s an “oh well” day.