A short transcript excerpt from a YouTube interview where Brent Belzberg and a host discuss entrepreneurship. Belzberg argues that starting a business is easier today than in the past because capital is more available and young people can reach critical mass faster; however, he cautions that individuals must assess personal risk tolerance—life obligations (mortgage, children, private school) raise the cost of taking entrepreneurial risk. The exchange emphasizes that younger people often have less to lose and so can more readily absorb the high chance of failure.
Chapters
So I, I always hear from everyone.
Oh, I feel sorry for my children. It's so much tougher for them than it was for, for me. And I always say that's wrong. It's way easier.
For them today. And they build great businesses because of it. And, and I think they have an easier time than we do because capital.
Availability is.
There for all people. And people after the tech world, people expect, expect young people to take risks, and they're willing to back them to be able to do that. That wasn't the case when I started. There was almost nobody who would give a young person a chance to do something on their own, and they would put it together with chewing gum. And now they can get critical mass relatively easily and relatively quickly. And so I say it's not for everybody. You have to understand your own risk tolerance. If you reach a point where you have a big mortgage and then where your kids are in private schools or when you need to send them to summer camp, it's way higher to do what you did, Brian, and take a.
Risk than.
It is when you're young and you have none.
Of those obligations.
So if you have the personality and you have the desire, you have less knowledge, for sure, and less experience, you also have less to risk. And so it's risky to go on your own. For sure it is. And you have a high chance of failure, for sure. You do. But you're never going to know if you don't try.
