your neighborhood dry cleaning owner is also an entrepreneur. |
True, but I bet he didnt sell a business at 17 for $50k of whatever it is the previous poster indicated and donated it all to charity….. |
probably... because they need the money to survive. the donation sounds like a calculated gimmick made possible by wealthy family where money is non-issue |
I think this is how it is. My DS is like your DD -- super smart academically, but not really driven (stats higher than your kid's). They got denied at T10; they didn't really have any stellar activities, nor did they have any passion in HS. They had some activities, but nothing standout. But, they are doing great at the state flagship, now a junior majoring in STEM, has straight As (perfect 4.0, like they did since MS). They also got a good internship this summer with a well known company. I think they found their drive a bit more in college. My younger DC doesn't have the high stats. Their PSAT was 1380, and I think unwgpa is like 3.7 and getting lower (ugh). But, this DC has passion in two areas, and it shows in their activities. |
irrelevant….what is relevant is that the poster’s kid had the initiative and drive to create a business that generated enough value at just 17 years old. What he did with that value creation is irrelevant. Sure donating to a charity was just the cherry on top. My kid would have just pocketed the money and we are have a $1M + income…. |
Yes it is. I was told about this model by several famous national consultants |
it was the PP i responded to who highlighted the charitable angle. i agree it's not relevant but it does make me question how organic the creation of the business itself was. my DC who is very entrepreneurial as well as generous would never give all their money to charity. some, sure, but all of it, after working for years to grow their business? |
Just wondering if you were the parent of this kid, who sold a business for $50k, what would you have advised your son to do? 1) not donate the money as to not upset striver parents at DCUM , even if the donation would have benefited those who need it. 2) donate and move on |
If a counselor or paid advisor was involved it’s likely the applicant had little do with the business anyway outside their “name” |
As I mentioned before. We hired a counselor for my daughter in the end of her Sophomore year And after her disappointment with applications results, we did not hire any counselor for my son. He had no paid advisor starting a business for him. he did it himself and started in 8th grade. That was his thing. He was made fun of. but he stayed with it. We even asked him if he was sure he wanted to donate this money. We told him he could use it to buy a car. He said no. Just to be clear, he only donated the proceeds/profit from the sale of the business. He did pocket the cash flow in the prior 3 years. |
Was the European pre-college program academic or purely for travel and fun? |
Try earning Eagle then. It's _hard_. And it requires support from parents/guardians, friends, and a community of volunteers, too. My kid has been in Scouting for years and it has taught him an immense amount. I will be so proud of him when he makes Eagle, and I'm happy to share that pride with thousands of other Scouts and parents, no matter what it does or doesn't do for my kid in college admissions. And if the credential is so dismissible and common, ever thought about whether there are any AOs out there who are also proud Eagle Scouts? |
Is your kid an Eagle? Do you have any idea what it takes to advance in Scouting and what these kids can do? One of the things that is great about Scouting is that it provides opportunities for lots of different kinds of kids to take on challenges and succeed in a wide variety of pursuits. Some kids who are amazing Scouts may not be high-stats students, and that's part of the magic of Scouting - many, many pathways to being potentially excellent in your own way. So not every Eagle goes to Harvard, but I'm willing to bet that most Eagles do better _with_ that accomplishment in hand than they would ever have done without it. |
2.5 weeks at Sciences Po pre-college program and 1 week at Kings College pre-college program. |
There aren't that many kids in DC proper who qualify for the Math Olympiads (AMO or JMO). Not that many from Blair/Poolesville/TJ either in the past couple of years. And only a couple of MOP qualifiers (none from DC). |