> that is, you need to have a "safety net" before you can take risks. If one can't even get them fed and not worrying about what the next meal is and where to stay, all bets are off.
To take the other side of this (not to entirely disagree with you) people have a different attitude toward risk and betting the ranch given the exact same safety net or lack of it. Someone with rich parents may not take the risk (for fear of 'I told you so' or being derided) and someone poor might be quite the gambler and think 'I really don't care if I fail and if I can't feed my family this is just right and the time is NOW!'
> If you don't agree with me, name one entrepreneur who has found a startup that exited successfully(IPO or Acquisition) by now and that the founder(s) were living below poverty line or on social welfare.
Very possible also that the people giving the funding are not aware of a safety net and therefore think the entrepreneur is less bankable because they actually fear for them failing since they know the chance of failure is quite high. So they pass thinking they are doing them a favor. This (per my above statement) would vary with the amount of a gambler the investor is and/or how much of a conscience they have.
To take the other side of this (not to entirely disagree with you) people have a different attitude toward risk and betting the ranch given the exact same safety net or lack of it. Someone with rich parents may not take the risk (for fear of 'I told you so' or being derided) and someone poor might be quite the gambler and think 'I really don't care if I fail and if I can't feed my family this is just right and the time is NOW!'
> If you don't agree with me, name one entrepreneur who has found a startup that exited successfully(IPO or Acquisition) by now and that the founder(s) were living below poverty line or on social welfare.
Very possible also that the people giving the funding are not aware of a safety net and therefore think the entrepreneur is less bankable because they actually fear for them failing since they know the chance of failure is quite high. So they pass thinking they are doing them a favor. This (per my above statement) would vary with the amount of a gambler the investor is and/or how much of a conscience they have.