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Economy

bucolic_frolic

(50,348 posts)

5. It's not just access to capital

Reply to appalachiablue (Original post)

Mon Dec 11, 2023, 07:04 PM

Dec 2023

It's the culture they live in, and the business plan, the ruthlessness and drive, the financial leverage they use.

Bezos borrowed $250k from his parents? Leveraged he probably had a couple mil. Lots of people were selling books online in 1998. They didn't make it.

Find me bootstrap billionaires from Appalachia and it will disprove what I just said. Capital, people, location, are all important.

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2 members have recommended this reply (displayed in chronological order):

appalachiablue peppertree

6 replies

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Highlight:

💲 The Truth Behind "Self Made" Billionaires: Robert Reich [View all] appalachiablue Dec 2023 OP

K&R 2naSalit Dec 2023 #1

Woot! Woot! Beakybird Dec 2023 #2

Right CitizenZero Dec 2023 #3

I'm hoping for the day when the poor republicans realize that they've been conned. Then we'll really have some fun LT Barclay Dec 2023 #4

Well said - and in some ways they already are peppertree Dec 2023 #6

It's not just access to capital bucolic_frolic Dec 2023 #5