Comment by lordnacho

1 day ago

> otherwise people born wealthy would dominate the startup world. Instead its people born to upper-middle class families that dominates it.

Those are just two different points on the "wealthy" scale. If you zoom out on a global level, they are not very far apart.

The kind of upper-middle class family that produces startup founders tends to be from the rich countries.

It makes perfect sense that it's the pretty wealthy and not the super-wealthy. There's more of the UMC, and they only need a certain amount of social/economic capital to roll the dice.