&gt;Sure, but a rich founder has a clear advantage, in the same way that a founder at Harvard has a clear advantage.<p>PG didn&#x27;t suggest otherwise. He didn&#x27;t say that wealth doesn&#x27;t beget wealth. He said the absence of it does not prevent one from generating wealth.<p>He&#x27;s not arguing against the idea that entrepreneurship contributes to income inequality. He is saying that the manner in which it produce income inequality is not harmful to society, because incomes are becoming more unequal by individuals generating wealth, and not by siphoning existing wealth that others have.<p>This is just example of how you misinterpret his arguments in a mad rush to defend economic orthodoxy.