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As a child of working class immigrants, this really hit home

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I have an incredibly successful friend that recently sold a business. She worked her ass off on that business and deserves enormous credit.

But her parents paid her expenses when she quit her job to start the company.
That includes rent on her apartment. She used this apartment as the company's headquarters, where all 10 employees worked, so they paid the rent for her company. And utilities.

Their neighbors were her initial investors, 3 contributing $40k each, and her parents another $100k.

So she had a huge safety net, she had her corporate expenses covered, and she had over a quarter million in runway from day 1.

I couldn't take that risk. I couldn't pay my apartment without an income. My parents don't have $100k to invest in me. They don't have neighbors with $40k they can contribute, either.

She worked her ass off on the company. She's brilliant and the hardest working person I know. She sacrificed her personal life for it. But at the same time, without privilege, she couldn't have started it. Her abilities, intellect, and drive made it successful, but her privilege made it occur

likefunny

@cd2 It’s really sad that you are refusing to really have a dialogue. I’m gonna try one more time...

The PERSONAL attributes that make someone successful/ a great entrepreneur are not tied to race. We 100% agree on this! Yay! There are equal number of awesome (and terrible...) people in every group. White people are no way inherently more successful than any other group.

Okay. But down the line, there are things no one can control that lead to success, those are SYSTEMIC. Everyone that isn’t white doesn’t get those. Making it so there are MORE people from the privileged class that are able to make it as entrepreneurs.

Like you are so close to agreeing with me, stop being so defensive.

I promise, I am helping you right now.
For real, if ANYONE you really worked with saw what you are writing, you’d be fired. Hands down. Because you’re being ignorant. But if this is what you think, please post with your real name!

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Love this. Also, since when is acknowledging privilege a bad thing? It doesn’t dismiss the hard work and effort people have put into achieving their goals. But it does help us set realistic expectations and avoid unfair comparisons. Also...I feel like having self awareness about your privilege helps you develop empathy towards people who haven’t had that privilege. Personally, acknowledging the help I’ve received in my career path motivates me to help others who don’t have the same access I did. And it makes a lil more self aware when I’m passing judgement.

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Absolutely. Second generation over here, product of two parents who grew up with little to nothing.

When I didn’t like my first job, I distinctly remembered expressing my unhappiness and desire to jump, and from my parents’ point of view, they couldn’t understand. In their eyes, I hit the jackpot with my full time salary, benefits and paid holidays. Who cared if I was happy? I had what they never did and the risk of losing that for something unknown was incomprehensible. That’s the trauma speaking. Of course taking risks is better, but it’s a privilege I have that they never did.

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As a first generation immigrant I can also confirm this is true.

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This. So sick of The New York Times profiling these amazingly creative and courageous people who fled advertising to start a placenta ink letterpress business or streetwear brand for yaks and are sooooo much happier now. Inevitably the backstory reveals that 99% of them had some huge chunk of inherited wealth to start with. It’s the Instagram Facetune filter of personal achievement narratives and we need to stop allowing them to make us feel bad about ourselves.

likefunnysmart

This is a good reminder for me today. Thank you.

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This is also why I believe alot of places miss out on BIPOC talent. If you offer a junior that is coming from money a lower salary to live in NY, they may have parents who can offset expenses.... be the cushion to fall back on if they get let go. VS some minorities maybe the first one in their family to have a salaried job or graduate from college. When they hesitate to move out to NY , it could be for many reasons. 1. No money saved up to make the move. 2. No safety net if they were to not have job anymore . 3. If they were already struggling where they were at, why would someone want to move to a place like NY & struggle more.

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This is false

Taking risks is easier for some but it's always an option.

likefunny

If two people walk a tightrope between skyscrapers, one with a net a few feet below and the other with only concrete waiting for them, then “risk” is relative.

likesmart

For every story like the one above, you can also find a story about a successful person who had to live out of their car. As a parent of modest means, it’s my dream to set my kids up for success. Does that make them privileged? Or does it just show that I love them dearly?

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SSD1 is correct - privilege only has negative connotations when people aren't self aware enough to acknowledge their own privileges

I grew up in a very wealthy town where 290 of our 300 HS graduates went to college. Thats a privileged background.

It's a good thing, but I also acknowledge that those that didn't grow up in a situation like that didn't have the same advantages. My wife, for example. Her school did one SAT prep class session. Mine did 10, and on top of that every parent paid for additional prep. In her town, no one did that. I had definite privilege there. Doesn't diminish my achievements, but it's good to know where you had help

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THIS.

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Yes I agree but also think it’s a nature vs nurture thing. Some personalities are more prone to risk (and vice versa) + how you were raised may either illicit ambition for any number of reasons or make you more conservative.

Is it a privilege? Yes but also risking and failing can definitely happen. I’ve literally been OK with working for Starbucks at several points in my life and would’ve preferred it over some big companies.

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This is going to sound obnoxiously Zen, but I feel it is the truth: Many people try desperately to hold on to what they have or have earned. They worry and defend and feel anxiety about losing things or their status or their jobs. But, really, we don’t possess anything. Everything is temporary. Once you realize that, it’s much easier to take risks. You can’t lose anything that you never actually had.

And, yes, working in advertising is much easier if you come from money. That’s true, too.

@Amazon1: Advertising (creative) skills are mostly transferable only within the industry. If you know of how they can be applied to other careers, please reply with some suggestions. Many people will be grateful!

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This bowl is so quite, I was hoping for some good advice.

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