What Is the One Trait That Most Startups Lack?
The most common trait for Entrepreneurs is access to a vital resource
Published in
4 min readFeb 21, 2020
Think about the number of high-profile startups that began life at prestigious universities. Let me list a few:
- Google spawned from Stanford
- Twine was born at Penn, the university, not the maternity ward
- Ministry of Supply from MIT
- The Airbnb crew got together at Rhode Island School of Design
- Spotter was ‘spotted’ at Brown
- Facebook came from Harvard
The list goes on (businessinsider.com, 2020).
We know that attending elite universities is beyond the means of most families and students. The question is, can this be a factor? Possibly.
This article will look at three other factors that could impede Entrepreneurs, plus three solution-traits that play to your strengths.
1. Wealthy Background
You can’t underestimate the power of networking. Entrepreneurs from wealthy families tend to have access to connections. The right type of connections. A ready-made network. Those with cash to invest.
