The question is how many people get $250k from their family and lose it all.
replyEveryone's life is a mix of skill and luck, so to discredit skill, you would need to quantify the luck. An easy example is a lottery winner, a hard example is a Bezos. Any investor with the foresight to see what Bezos could do with grans money, would jump past her in line and give him triple.
You have to have access to far more than $250k to be willing to blow that creating a startup.
I may give my kids $250k for a house to live in. I do not have enough for them to yolo it on a dot com startup.
reply> The question is how many people get $250k from their family and lose it all
replyI don't think that really matters? The fact that they even had that shot at all is such an incredible opportunity above people whose family simply cannot afford to even try
But if you have the skill to turn $250k into much more money, anyone with $250k and that knowledge will give it to you.
replyThere are far far more stories of investors giving nascent broke startups money than families.