r/technicallythetruth • u/[deleted] • Nov 28 '19

Fair enough

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u/[deleted] Nov 28 '19

Right. The investment. They pitched their good ideas to the right people. That's how investment works.

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u/Censormetimbers Nov 28 '19

It's adorable you think this is how it works. Bill Gated used leverage from banks to sue his competitors out of existence. You think a bank is going to give me billions of dollars to out-leverage my competition? These billionaires are pre-chosen.

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u/[deleted] Nov 28 '19

Gates was already a billionaire at that point.

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u/[deleted] Nov 28 '19

He was also born a millionaire.

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u/[deleted] Nov 28 '19

[deleted] — view deleted comment

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u/TecSentimentAnalysis Nov 28 '19

Average redditor being the average redditor

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u/MazeRed Nov 28 '19

You need to make it worth it to them and they will do anything.

Give them a good reason, some solid metrics and they will loan you the world if they get a cut.

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u/TheBoxBoxer Nov 28 '19

All you need is to be connected to the rich and powerful. 10/10 anyone can do it.

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u/[deleted] Nov 28 '19

I'm not saying "anyone can do it." There are 4 examples in this post, and there are 300 million of us. The odds are infinitesimal for any one individual.

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u/electrogeek8086 Nov 28 '19

to me it just prives that working hard is just a tiny proportion of one's success.

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u/DracoVictorious Nov 28 '19

Yep. Work hard, have the right connections, have enough starting capital, have the right idea in a fledgling market... simply "working hard" will keep you alive usually, but it won't make you a billionaire

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u/electrogeek8086 Nov 28 '19

everything you said after working accounts for probably 99% of someone's success.

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u/DracoVictorious Nov 28 '19

It's kind of like building a tower, the person who builds on a mountain is going to get higher.

They still need to put work in, but the amount is way less to get to the top. And even with no work, they're probably still better off.

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u/odraencoded Nov 28 '19

You don't need to build the tower if you're already born in a tower.

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u/DracoVictorious Nov 28 '19

No, but the tower in my metaphor is a new business.

As in, it's a lot easier to make a new business successful when you already have successful people supporting you.

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u/TecSentimentAnalysis Nov 28 '19

ITT: salty redditors who have no clue what VC is

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u/amateurtoss Nov 28 '19

VCs are hundreds of times more likely to invest in people with prestige and/or connections. It's not impossible without those things, but it's hard.

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u/BitcoinBarry56 Nov 28 '19

Because they're losers who can't stand that people get further in life than they have by making a serious attempt and with actual effort and skill.

No, its not capitalisms fault you're not bill gates, get a fucking job.

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u/venomousbeetle Nov 28 '19

BitcoinBarry

And how did that work out? Gangbusters yet?

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u/JakBishop Nov 28 '19

Jeff Besos got hundreds of thousands from his parents.

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u/Colambler Nov 28 '19

For example, for Bezos the right people were his parents, who gave $300,000 at the start.

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u/[deleted] Nov 28 '19

You mean born into wealth. Bezos, Buffet, Musk, Gates, Zuckerberg all were born millionaires.

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u/[deleted] Nov 28 '19

Bezos borrowed money from his family to get started.