It's great to see some teens are successful in creating a business model and go through with their dream business properly. I see this as competition to InstaCart.com as that also does the same thing in Canada/US and so on. A successful copy cat?! So, do we have any teens in here or college drop outs? Age isn't really a question, let's get a startup going! Haha... Link: https://www.cnbc.com/2022/08/03/zepto-19-year-old-founders-share-tips-on-how-to-build-a-business.html
It says cash injections from investors - venture cap.people I guess. Latest was $200 million. Nothing said about their families, except they had quite a job to convince their parents they should drop out of Stanford - but they did. I don't think people like these two, or Gates, Zuckerberg etc, rely much on their folks for investment. Doubt if Mom and Dad move in financially stratospheric circles. They usually don't. Maybe young entrepreneurs give parents shares for Christmas - or Diwali, Hanukkah, Eid or other appropriate Festive Occasion.
Gates's father was a high powered lawyer in Seattle. Zuckerberg's parents were a dentist and a psychiatrist in Westchester County, NY. That kind of leg up matters, and it matters a lot, even if it's just from connections rather than direct investment.
I guess it does. Even if they don't have spare zillions to invest, such parents bring a lot to the table. Thanks for the learning experience.