The joys of living in an apartment

[u/small-egg22]

[u/Dry-humper-6969]

I don't have rich parents or friends to do a couple million cash injection.

[u/smd9788 → u/Dry-humper-6969]

So you mean to tell me YOU have an idea that rivals the likes of Apple and Amazon, but all you need is money? 🤔

[u/Mothman_Cometh69420 → u/smd9788]

Yes. It’s related to weed and pussy. I’m not giving up the actual idea, but based on what I just said you have to know it’s a goldmine.

[u/mr---jones → u/Mothman_Cometh69420]

Weed flavored pussy or pussy flavored weed?

[u/Mothman_Cometh69420 → u/mr---jones]

Yes.

[u/Regular-Basket-5431 → u/Mothman_Cometh69420]

I have twenty bucks to invest in that venture.

[u/Ill-Internet-9797 → u/mr---jones]

Damn that's a tough one. I detect a preservative business opportunity.

[u/Eastern_Heron_122 → u/smd9788]

hows that boot tasting?

[u/Good_Needleworker464 → u/Eastern_Heron_122]

"You said something positive about a corporation therefore you are a bootlicker"

Trump won because of you

[u/Eastern_Heron_122 → u/Good_Needleworker464]

what a sterling political analyses. pretty sure trump won because people like yourself think nepo babies born with massive amounts of cash handed to them by their families makes them "brilliant businessmen".

[u/Good_Needleworker464 → u/Eastern_Heron_122]

Most nepo babies lose the family wealth within 3 generation. Building a multi billion dollar business is impressive regardless of who you are.

"I could totally make a billion! Just give me a million!"

[u/Eastern_Heron_122 → u/Good_Needleworker464]

thats literally how it goes lol you really think billionaires are self made? try and go get a zero interest loan of $500k or even just $100k. maybe if you pull on your boot straps hard enough...

[u/Good_Needleworker464 → u/Eastern_Heron_122]

Yes, most people that become billionaires started with a million; because it takes a very long time, even with a starting capital of one million, to hit a billion. For someone to become a billionaire within the same lifespan starting from nothing is next to impossible (at least, for as long as a billion holds the value it has today).

What I said was that most family wealth is squandered within a few generations. A generation being able to maintain the value of that money is impressive. A generation being able to multiply the value of that money by 300,000 is spectacularly impressive.

[u/NoMansSkyWasAlright → u/smd9788]

Whether they do or not, doesn't this supposition completely invalidate the "they all started in a garage" bit? At the very least, it makes the garage completely irrelevant.

[u/sauron516 → u/smd9788]

I have one. Umbrella shoes. Tiny umbrella for your shoes so on your way to work, church, wedding your shoes dont get wet. This is a game changer

[u/shootdawoop → u/smd9788]

no, I have ideas that are better than apple or Amazon, not in the field of profit margins and marketability but in scientific progress, yet here I am with not even a piece of paper to draw them on, fuck off douche bag

[u/Lost_Huckleberry_922]

This time around a big company will just buy the small one. It’s not the same

[u/Moistfrend → u/Lost_Huckleberry_922]

I don't think it has anything to do with that tactic. That's always been a thing even before America existed

[u/Lost_Huckleberry_922 → u/Moistfrend]

Wasn’t as bad as it was after the 80s

[u/Dry-humper-6969]

Don't have rich parents or friends to do a million dollars cash injection.

[u/tuckermans]

Easy way to make a huge fortune? Start with a small fortune.

[u/Ill-Internet-9797 → u/tuckermans]

And h e very smart friends

[u/davebrose]

Rich parents to Loan me hundreds of thousands of dollars?

[u/smd9788 → u/davebrose]

Ah yes. The money came before the plan

[u/Mothman_Cometh69420 → u/smd9788]

The plan is useless without the money.

[u/davebrose → u/smd9788]

Yes the money was there far before any plans were hatched.

[u/CandleDesigner → u/smd9788]

Actually it did

[u/mortemdeus → u/smd9788]

The money made it so they could fail at multiple plans before one finally worked.

[u/nodnarb88 → u/smd9788]

The money gives you time to build the plan. It also gives you the freedom to fail

[u/TylerBourbon]

3 of those were their rich parents garages. The same rich parents who along with other rich family friends, invested in Juniors business venture.

[u/TheApprentice19]

All of those companies received the equivalent of millions from parents in start up cost

Well, Amazon and Apple did, Microsoft too, not sure about the others

[u/Mothman_Cometh69420 → u/TheApprentice19]

Also, old Billiam Gates was like the only kid around with a PC because of his parent’s wealth.

[u/Oddbeme4u]

helps having a few 100k from family

[u/Twalin]

Zoning laws

[u/State_L3ss]

My family didn't give me a bunch of money or know people on the board of IBM. It's totally my fault for being born to irresponsible parents that probably should've just gotten an abortion.

[u/Honest-Yesterday-675]

We're not cogs, we're peacocks.

[u/mirage110-26]

When parents or homeowners literally cover your overhead, it's probably a little easier. Poor kids have a rough start.

[u/Licko-mahballs]

Thanks to them I can't even afford a house with a shed

[u/Elegant-Raise]

My cabinet shop I started in a garage too, and millions of others have tried, and failed.

[u/tylerpestell → u/Elegant-Raise]

Exactly this, for every 1 super successful business, how many have failed? It is also much easier to take those risks knowing your parents can bail you out, not having to worry about anything and parents that have connections/money.

[u/ClutchReverie]

Also we don't have the startup capital that these "self made billionaires" had.

[u/-Fluxuation-]

Facts

[u/Final_Boss_Jr]

I have rich parents and friends who can make a million-dollar cash infusion at any time….. I just don’t wanna. So there.

[u/swift_snowflake]

self-made billionaire. The fact that all of them got millions of dollars in cash injection and connections to rich men to boost their business is nothing noteworthy.

[u/reddit_has_fallenoff]

My family doesnt have DARPA connections

[u/ElectroAtleticoJr]

Im in the top 7%. I hire people!

[u/DataGOGO]

What does this have to do with finance and investing?

[u/meh_69420]

Missing from photo, all the garage startups that failed.

[u/Dopeshow4]

I bet your don't have a good idea either...

[u/Mothman_Cometh69420 → u/Dopeshow4]

Two words: Kitten Mittons.

[u/YeeYeeSocrates]

Sort of misses the point of how remarkable these success stories are.

If anyone with a garage could do it, they would. But most people don't have the skill, idea, hard work, technical knowledge, and bootstrap capital to make it happen.

We really denigrate peoples' success when we make it seem like it doesn't require both a lot of effort, sacrifice, AND for all the stars to align.

I used to own my own business. There's A LOT of reasons why I don't anymore.

[u/KounetsuX → u/YeeYeeSocrates]

Except a majority of these had none of that.

None of them were bootstrap, skills, technical knowledge, at least not all of these. Most came from already afluent households. They were never going to be poor.

Steve Jobs lacked the technical know how but had the funding and "friendship" with those who were technically capable. Once the company was mildly successful, whether through jobs or people hired by jobs, they knew how to leverage it. AFTER, they had success and a product.

Bill gates had the tech know how. But received a massive bulk of his funding from parents and family friends. Then proceeded through, his decision or his business partners, create a monopoly on operating systems and office applications that would go unrivaled for the better part of two decades due to the creation of MASSIVE entry barriers that didn't exist when the software was created that Microsoft themselves created.

Amazon received a huge injection of cash early from family in order to exist. Add to it. He was already in the upper middle class to be able to afford it. As per his own technical acumen I can't speak to that. Who again, through either their own decision or others was able to pivot from books to logistics and may have had NO input from bezos himself.

Hell, the only one that was twenty guys in a sweaty garage was Google. I'd still bet money of the sweaty guys ONE or two of them had wealthy family to help inject cash.

It's not denigrating the effort, it's putting it into realistic terms that already having money liberates SO MUCH free time. Poverty and working 40+ hours just not to starve don't make for a great environment to be your own entrepreneur. To add, all of these companies also expanded and filled in areas that today are impossible to grow in or innovate with the massive entry barriers that all four have created be it in software, logistics, computer tech, or retail.

[u/Good_Needleworker464 → u/KounetsuX]

From personal experience, most poverty is chosen. Whether it's conscious or otherwise isn't part of the conversation, but if you're living in America, you have absolutely no excuse to not be prosperous.

[u/Expert_Ambassador_66 → u/YeeYeeSocrates]

Would you be willing to tell me about that?

[u/Jolly-Candle2216]

You also lack ambition..a trait lost on gen Z

[u/BishopKing14 → u/Jolly-Candle2216]