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Shark Tank’s Barbara Corcoran On Rich Kids – Business Insider
Class analysis in pop culture.
“To Corcoran, an entrepreneur from a wealthy family doesn’t need to start a business to make a living, and that is a critical difference when things inevitably get difficult. She believes that if you have a safety net, you won’t be willing to do whatever it takes to succeed.
“The best way to think of a solution in business when you’re slammed up against a wall is to try to think of five different solutions to get around it and keep going,” Corcoran says. “But when you know that you have a trust fund, you know that you can always fall back on your parents, and you know that you can get additional funds, you get cheated out of thinking of those spur of the moment, very needy ideas that get you through.””
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