2min chapter

The Bootstrapped Founder cover image

233: Entrepreneurship isn't genetic. It’s memetic.

The Bootstrapped Founder

CHAPTER

The Effect of Socioeconomic Status on Entrepreneurship

Entrepreneurial peers normalize the activity and it also normalizes failure. There's a socioeconomic angle to this as well. The experiment revealed that children, exposed to stable circumstances, tend to have an easier time delaying gratification. This connection suggests that socioeconomic status plays a significant role in developing traits associated with entrepreneurship.

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