Browsing Tag

hustle

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Why ‘Few Successful Startup Founders Grew Up Desperately Poor’

My co-founder David and I both grew up in poverty and can call ourselves “battle-tested” when it comes to both life and startups, so when the talk in the Valley turned to income inequality, our ears perked up. For a moment, our two worlds were colliding. Here’s a quote from Paul Graham that got our attention.

“Closely related to poverty is lack of social mobility. I’ve seen this myself: you don’t have to grow up rich or even upper middle class to get rich as a startup founder, but few successful founders grew up desperately poor.” (link)