Why Barbara Corcoran Never Invests In Rich Kids

Why Barbara Corcoran Never Invests In Rich Kids

After Ben and Eric Kusin revealed on the reality pitch show "Shark Tank" that their father, the founder of GameStop, invested $2 million into their business, things got personal. "I feel very badly saying this to you, but I, as a matter of principle, don't invest in rich kids' businesses," investor…

Business Insider

 

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Part of the reason many people are like this is that though rich kids often are well traveled, many or most have never "kissed the curb" in their lives. In other words if you have tried something and no one was there to save you you have to become very innovative to survive that. 

 

So, rich kids often don't have this "survivor" quality naturally because someone has always rescued them when and "If" things got bad.

 

In order to be successful in business you also have to be a survivor who might do almost anything to survive and to make sure their business survives too.

 

The real world is not a pretty place and unless you can survive it alone neither can your business either.