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Rich kids does not mean rich idiots and does imply they do no work.

It simply implies that in a case where both have considerable skills and effort, the 'rich kid' will get much farther

> It simply implies that in a case where both have considerable skills and effort, the 'rich kid' will get much farther

Well if you assume everything is equal but you give one person more money then, sure, that person has a higher chance of success.

But that's missing the point: Many important things are not equal between the two groups, and it doesn't always benefit the wealthier one when it comes to starting companies.

> I would constantly get LinkedIn requests from stereotypical "rich kid" MBA grads who banded together and wanted to "do a startup", but they just needed a few engineers to actually do all the work. It was funny to hear the pitches about how they'd give me 1-5% for doing all of the tech work of their company while all of them (up to 7, in one case) would handle the business side of things for me. No thanks.

If they kept trying, someone else probably said yes.

> but then quickly realize that it's a huge amount of work and not guaranteed success

The other path I've seen rich kids take is get a good enough job in sales and marketing where they're doing fine, but not as good as their parents.

Revision to the mean is real.

It's also like the three-generation rule for family businesses. The first builds it, the second maintains it, the third loses it.

Alternatively,

> My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel

To apply it to the dart game analogy I would argue it's just not as compelling to the rich kids. They can shoot shots if they want, but winning the stuffed animal isn't that exciting because they can have as many of those as they want without winning a dart game. The prize is much more exciting to someone who has to hit the shot to get the prize.

> I lived near a highly ranked MBA school for a while

This is how elite colleges work. They connect elite kids with talented kids they can take advantage of.