Comment

Comment by sidlls

It's not (just) that most Americans feel these jobs aren't worth their time. There is a very strong individualist streak in American culture and a very strong taboo against lending friends or family members money for any reason.

There are plenty of American families who have relations who could easily help bootstrap a profitable small business in the way described here. It just doesn't happen that way very often.

Instead the typical means to wealth is inheritance or luck of birth providing access to investment capital (not loans) and business connections. For every WhatsApp there's a dozen or more Microsofts and Facebooks (Gates and Zuckerberg both benefitted from the immense social and financial capital their families could provide).

parent sidlls 8 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton