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Comment by giantsloth | Hacker News Reader

His mother is a rich successful model. What poor person has the means to move to another country and start a tech company. How are you so massively illogical and incoherent in your ability to think?

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Your statement seems to reasonate with me: 2nd generation : wealthy.

Wealthy =/= rich, it doesn't exclude rich people also. He could start a software business without a lot of parents money. Elon earned 22 million with Zip2 and they started it with angel investors. It's claimed that his father also provided $28,000 for starting it. ( that's peanuts)

I said: You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times.

Getting money from angel investors is summarized under: "getting investment loans".

You probably didn't read what i was saying: From poor to wealthy to rich. Elon did this. I never claimed that he went from poor to rich.

I think my ability to think is better than your ability to read.

$28,000 is peanuts now?

In the grand scheme of things, sure, it's not much, but consider the time and place where he was that his father could just give him that much money.

I have a lot more in my bank and just bought a apartment in a pretty expensive area ( 30 years old)

I'm in no way rich, but have no money troubles. I also saved a lot, worked a lot and lived with my parents pretty long

You’re just proving his point. The opportunity cost of sacrificing so much for so long compared to not having to and being able to take big risks with a lot of potential upside.

Aren't i proving my first point? Being wealthy is sufficient. You don't need to be rich.

And if you count all that was directly involved in the creation of this company ? How much does it become then ?

1) $28000 cash

2) Food & lodging for him and his brother in Palo Alto

3) two debt-free Stanford educations (him & his brother), including PhD (which he walked out on)

How much does that come to ?

Where does it say his parents paid for it? Was the PhD a requirement, since he quitted it?

How expensive would renting an appartment be in that time, 750$ / month? Did he rent one? Because he doesn't have a house there and stays with friends a lot of the time https://www.quora.com/Is-it-true-that-Elon-Musk-does-not-hav...

He and a fellow student rented a vacant frat house and transformed it into a nightclub. Quite a daring and bold move for a low-income college student. ( https://sites.psu.edu/danielpassion/2017/03/24/entrepreneur-... )

Don't overreact. I never said he came from poor. Why do people keep misreading that?

First paying for an extra year ... and then walking out on it, like Elon did, requires more than "not coming from poor" in my experience.

Now, granted, I'm not sure about that. I did not come from rich parents, and if I had walked out on any of my university years there was no way in hell I would see another dollar from parents for a long time.

His parents were wealthy, like I said. Not rich ( not a requirement)

Also, Elon was free to do what he wanted. Not everyone has the same parents/conditionals, but that is off topic though

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