2026-02-24 20:30 UTC
@petrikas@mastodon.art
I remember opting into an "entrepreneurship" optional module while I was doing my masters degree (which I saved up for)
The lecturer was encouraging us to ask family and friends to raise initial investment and not go to venture capitalists.
I distinctly remember him saying "you can probably get £6000 from just your parents". This is 30 years ago money, so that's £11,000 today.
And I very very distinctly remember freezing in my seat and thinking "what kind of families does he think we come from?"
It was definitely a milestone in my political education.
Replies (1)
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@AlsoPaisleyCat@tenforward.social 2026-02-25 13:08
@rzeta0@mathstodon.xyz There are many studies that show that most entrepreneurial startup financing comes from the ‘3 Fs’ defined as ‘Families, Friends and Fools.” Not from venture capitalists or traditional financial institutions. There’s a deeper ethical question about risking the wealth of the 3Fs when they aren’t so affluent already that the losses won’t have material impact. @petrikas@mastodon.art