Interesting Concept/Term. I'd been looking for an official term to describe my problem with The American Dream(sm) and the Bootstrapping myth.
I feel the reason why large parts in our society simply don't care for the plight of the failed (poor/bankrupt/downtrodden) is a combination of Survivor(ship) Bias combined with the "I did it all by myself, which means you can do it too, now get off my lawn" myth/mechanism.
This is also a major issue in the startup world. So often we are led to believe that successful startups are the result of mere perseverance, blood, sweat and tears (and a little bit of luck), instead of'I got money from my uncle/grammy/mommy/daddy/mentor'.
It irks me that there are many self-reflecting stories on startup failure and what went wrong, but so very few on the financial contribution received from family, so often described as 'investors' or summarized as 'self-funded'.
Don't get me wrong, it's great to start off with positive thoughts, but for anyone to make an informed decision, it makes sense to have all the facts, not just the myths.
Interesting Concept/Term. I'd been looking for an official term to describe my problem with The American Dream(sm) and the Bootstrapping myth.
I feel the reason why large parts in our society simply don't care for the plight of the failed (poor/bankrupt/downtrodden) is a combination of Survivor(ship) Bias combined with the "I did it all by myself, which means you can do it too, now get off my lawn" myth/mechanism.
This is also a major issue in the startup world. So often we are led to believe that successful startups are the result of mere perseverance, blood, sweat and tears (and a little bit of luck), instead of'I got money from my uncle/grammy/mommy/daddy/mentor'.
It irks me that there are many self-reflecting stories on startup failure and what went wrong, but so very few on the financial contribution received from family, so often described as 'investors' or summarized as 'self-funded'.
Don't get me wrong, it's great to start off with positive thoughts, but for anyone to make an informed decision, it makes sense to have all the facts, not just the myths.