> the only country where you can dream of building spaceships, create multi billion dollar tech companies in less than a decade
And all you need is hard work, persistence, and a couple tens of millions burning a hole in your back pocket... and a legion of people, like you, who don't have that kind of capital to do the heavy lifting.
What percent of top tech companies were funded by multiple millions in personal or family money? We're on YC's website, which invests $500k in startups ($125k until just recently). I thought most startups were venture funded.
Many startups get a lot of family and friends funding. On top of this - a lot of startups are having someone do unpaid work before they get funded. This usually means someone had support to pay rent, food, insurance, etc.
Varies a lot but all the people I know who are relatively young and doing startups come from pretty wealthy families.
And all you need is hard work, persistence, and a couple tens of millions burning a hole in your back pocket... and a legion of people, like you, who don't have that kind of capital to do the heavy lifting.