James Sinclair on why startup founders outside elite networks start 25 steps lower. Isolated founders learn alone and have no referral advantage. He'd rather back founders who've been pushed into corners than those handed advantages.
I want to talk about startup founder inequities, inequalities and the disparities against or across socioeconomic status, education, age, gender, race, language, geography. All of them. And the reality is that if you're not in this circle, you are starting 25 steps lower on the ladder than someone who is in this circle, whatever that means. As in to raise money. The easiest way to raise money is to get a referral, but if you don't have the network you can't get the referral. If you are not in a culture where you have other founders that you can lean on, you're having to learn everything from scratch by yourself on an island. Everything is just so much harder. I don't know the answer and I don't know my point here, but I do know that I will always bet my chips on a founder who is pushed into a corner versus a founder that's had something gifted to them. How does the community.
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