Wealth, Class, and the Startup World

The myth of Silicon Valley is that it is a perfect meritocracy where things like wealth and class are irrelevant.  The truth is that while Silicon Valley and the startup world are better than most other institutions, wealth and class still play a role. The vast majority of entrepreneurs are young, well-educated, well-off men, who … Continue reading Wealth, Class, and the Startup World

Education Is Destiny: Educated Poor Do As Well As The Lazy Rich

If you’re born into the poorest quintile, and don’t get a college degree, you have a 32% chance of making it into the middle class or above (top 3 quintiles). That rises to 62% if you get a college degree. Getting a college degree doubles your chance of having a successful life (if having a … Continue reading Education Is Destiny: Educated Poor Do As Well As The Lazy Rich