Re:YC Research
by Imscaredofsama on Wednesday October 07, 2015 @08:34PM
(#10350125)
I respect the fact that you took a moment to add some clarity. Obviously you have a good sense for politics -- you know this is something people need to understand.
But hot damn! If you've been so successful people are literally having a hard time believing it's true... that's... that's... I don't even know.
I made single-digit millions from the Loopt acquisition. Almost all the money I've made has been as an investor. I got lucky in that the first few investments I made in 2009 (very small dollar amounts) were really good, so I was able to raise capital to keep investing at a much larger scale with other peoples' money. I didn't have much liquidity until last year.
Takeaway 1: the easiest, lowest-risk way in the world to make a lot of money is to get fees for investing other peoples' money.
Takeaway 2: if you make money that way I think you should give a lot of it away.
Takeaway 3: FWIW this is a lot of money for me, but it's what I most want to support.
As a side note, I was pointing out that living in SV is becoming possible only if you get a job like that one, and that that's really a problem.