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This is how parents influence the success of founders

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This is how parents influence the success of founders

This support is much less pronounced for founders from working-class families. They build their start-up later in life because their financial reserves are lower at a young age. They are also less likely to plan for venture capital to scale their tech company – especially because they expect they won’t be able to get it without it, as the study says. Accordingly, founders whose parents are employed employ fewer people on average.

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