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Elon Musk is a nice chap

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SiliconWizard:

--- Quote from: james_s on December 13, 2022, 01:40:42 am ---
--- Quote from: wraper on December 13, 2022, 12:03:34 am ---He did not start wealthy. Tale about emerald mine is an utter BS.

--- End quote ---

According to Wikipedia, his dad gave him $28k to fund Zip2, not a bad chunk of change, but not what I'd call "starting off wealthy" either. It's not outside the realm of possibility for any random person with a viable business plan to obtain that sort of funding.

--- End quote ---

Uh you bet. $28k? What do parents typically pay in the US for a 4-year degree for instance?

james_s:

--- Quote from: Zero999 on December 12, 2022, 08:00:57 pm ---I haven't read any studies, but I'm willing to believe that 40 hours per day is just an average. It probably depends on many factors:

--- End quote ---

Of course it's going to be an average, some people struggle to be productive for 1 hour and dislike working at all, others are workaholics that can pull long hours indefinitely, they have no life or interest outside of work.

james_s:

--- Quote from: SiliconWizard on December 13, 2022, 01:47:30 am ---Uh you bet. $28k? What do parents typically pay in the US for a 4-year degree for instance?

--- End quote ---

Parents wealthy enough to afford it do. My parents couldn't afford to pay for my college, I was completely on my own there. I think even fewer are fortunate enough to have parents that would give them that much to try to start a business. Generally speaking college is a better investment, most startups fail. Most college degrees at least buy you something.

wraper:

--- Quote from: james_s on December 13, 2022, 01:40:42 am ---
--- Quote from: wraper on December 13, 2022, 12:03:34 am ---He did not start wealthy. Tale about emerald mine is an utter BS.

--- End quote ---

According to Wikipedia, his dad gave him $28k to fund Zip2, not a bad chunk of change, but not what I'd call "starting off wealthy" either. It's not outside the realm of possibility for any random person with a viable business plan to obtain that sort of funding.

--- End quote ---
It was among later funding round of $200K when business was already going.

tom66:

--- Quote from: SiliconWizard on December 13, 2022, 01:47:30 am ---Uh you bet. $28k? What do parents typically pay in the US for a 4-year degree for instance?

--- End quote ---

Not to mention he went to a private high school in ZA and would have needed funding to obtain a visa and live in the US.  There is doubt over his educational history though - he claims to have a BA in Physics, but allegedly he never completed the course and the university (UPenn) has no record of his degree(s).

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