this post was submitted on 11 Mar 2025
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How many banks have rejected your business proposal?
You seem to not understand the difference between an investment and a loan
I have applied to a few accelerator programs and haven't gotten a response
One thing is to get money in exchange for ownership of the company and the other one is to get money that has to be paid back no matter what
So you're not willing to take any risk? Weird.
Yes I will take marginal amount of risk but no I won't gamble everything
Some people get the opportunity to try things risk free, and others need to risk everything so if they fail the consequences are very negative
It’s different kind of risk when failure means you may not eat or become homeless.
The rich do not incur that kind of risk when they engage in “entrepreneurial-ship”
It's clearly over their head.
They were given bootstraps to pull themselves up by, so everyone else should be able to pull themselves up by their bootstraps too!
My parents were immigrants themselves and I immigrated again to a different country in my 20s. I arrived with a backpack of clothes, an old laptop and money to pay a shared apartment for a few months.
But cool story you came up with to justify your prejudice.