If founders treated their investors the same way they treated their employees

Re:If founders treated their investors the same way they tre... by phone8675309 on Tuesday August 18, 2020 @03:08PM (#24202923)

Low 7 figures to me would be between $1,000,000 and $3,000,000.

I don't think that I would call that "never need to work again" money. It's between 10 and 30 years of my salary.

A good lump sum to stash in the retirement fund. Maybe retire at 55 instead of 65, but definitely not "never need to work again" money.

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Re:If founders treated their investors the same way they tre... by icedchai on Tuesday August 18, 2020 @05:11PM (#24204401)

It depends on your lifestyle. If you ask the early retirement / FIRE forums, they'll tell you you're good to go.

If you have 2 million, you can conservatively (meaning a low 3% - 4% withdrawal rate) take out 60k to 80k a year in perpetuity. Can you live on 60k - 80k a year? Consider you'll be paying a lot less in taxes since it's all capital gains. If your normal salary was 100k ish, you probably can.

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Re:If founders treated their investors the same way they tre... by justinclift on Wednesday August 19, 2020 @12:01AM (#24207031)

It's entirely possible to relocate to a different country with a cheaper cost of living, universal health care, etc too. So, the limits of the US system should be taken as a given.

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Re:If founders treated their investors the same way they tre... by wikibob on Tuesday August 18, 2020 @11:12PM (#24206798)

You make $100,000 per year? If you are in the USA you are deeply underpaid.

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Re:If founders treated their investors the same way they tre... by jason0597 on Wednesday August 26, 2020 @05:27PM (#24287477)

I don't know whether I should laugh or cry at this comment...

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