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A comment on Ask HN: Sell my startup for $14M because I can't raise $2M?. Parent comment

Re:Ask HN: Sell my startup for $14M because I can't raise $2M? by ryandrake on Saturday September 23, 2017 @02:38AM (#15318483)
I live in the Bay Area, and $300-400k/yr is an unfathomable amount of money. Get a grip! You're talking about the top 1% of incomes in the country.
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Re:Ask HN: Sell my startup for $14M because I can't raise $2M? by newshorts on Saturday September 23, 2017 @06:02AM (#15319034)
I live here too. We looked at a condo, near Mountain View two weeks ago and the mortgage would have been 10k/month.

You need a minimum of 120k, just for your house. Pre tax you’re looking at a minimum viable salary of 300k.

How is this unfathomable?

The entire row of condos sold in less than a week.

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Re:Ask HN: Sell my startup for $14M because I can't raise $2M? by sokoloff on Saturday September 23, 2017 @07:03AM (#15319210)
It's not just $300K/yr of W-2 income being discussed; it's that combined with a net worth of $10MM. You could pay cash for that ~$2 million condo and still have $15K/mo to spend after tax. No need to save for retirement (that's what the $8MM is already covering) or college (break off a bit when that time comes).

If that situation feels "minimum viable" to someone, I don't think their primary problem is money-related.

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