I think rich kids will often lack the inner motivation and discipline to see a startup through. That's the flip side of knowing you can fail and it won't impact your life negatively. Startups are really hard, if you don't have that burning desire and fear of failure driving you forward, I don't think too much of your chances.
Anyone rich, or not can try again and again, it will just be harder for people who also need to figure out how to pay the bills.
Agree. And richkid can only found X startups in their lifetime.
If they play the VC game, returns are still extremely variable.
If they play a bigger game, then they start to be playing the same game as other players that the public can invest in (directly or indirectly) i.e. no advantage.
if you look at many startups that had successful outcomes, you'll generally find people who, if not rich, at least come from affluence. Affluence affords them the ability to take on more risk than say someone from a modest background, saddled with student loan debt. Generally, just because someone comes from wealth, it doesn't mean they won't work hard. I believe your comment is targeted more towards the trust-fund babies, who go through life having mommy and daddy pay for everything. Why work, when it'll all come to you?
Anyone rich, or not can try again and again, it will just be harder for people who also need to figure out how to pay the bills.