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Re:Can a $310M startup avoid due diligence? by thr0wawayf00 on Monday February 07, 2022 @02:14PM (#30249582)
I look at how the ultra-wealthy are lionized in the US and genuinely wonder sometimes. It's amazing what we'll let those people get away with because we too want to join the exclusive club of high net worth individuals.
Re:Can a $310M startup avoid due diligence? by pyuser583 on Monday February 07, 2022 @09:35PM (#30254311)
I mean here we are on a message board that is the vanity project of an investment firm catering to highly skilled technicians.
Re:Can a $310M startup avoid due diligence? by worik on Monday February 07, 2022 @02:25PM (#30249712)
> I look at how the ultra-wealthy are lionized in the US and...

I look at the ultra-wealthy make a diagnosis of obsessive compulsive disorder

Re:Can a $310M startup avoid due diligence? by brimble on Monday February 07, 2022 @03:03PM (#30250212)
I sometimes wonder how much the fact that I'd stop trying to make more money at like $25m savings—and maybe sooner—is a factor in my not having that much money in the first place. Like I'm not saying that's all or even most of the reason, but I do wonder if the running-up-the-score attitude is itself valuable for making any decent amount of money in the first place.
Re:Can a $310M startup avoid due diligence? by qnsi on Monday February 07, 2022 @03:39PM (#30250734)
what do u need 25mil for? Seems arbitrary. With 7.5m u can have 300k/y income from stock invested without lowering your net worth. Seems more than enough for anyone
Re:Can a $310M startup avoid due diligence? by brimble on Monday February 07, 2022 @04:00PM (#30251058)
Yeah that's why I threw in "maybe sooner". $25m is a bit arbitrary but is also somewhere around the point at which I'd have to start trying to waste money before I'd risk touching principal. That's "never think about money again, even a little" territory, for me (but then I don't want a yacht or any of that), so at the top end of the range in which I could see myself deciding never to work again.

Also, $7.5m is still low enough to be threatened by healthcare costs and end-of-life care and such (x2 for a couple, plus if a kid gets very sick before they're out, or even after but you don't want them to be ruined by it, et c). Not enough to wipe it out, probably, but enough to diminish it substantially if you get a bad roll of the dice. I wouldn't even need that much to stop having any motivation to try to make more, if I lived somewhere with decent universal healthcare where having your savings eaten by the healthcare/hospice-care industry is practically unheard of.

Re:Can a $310M startup avoid due diligence? by missedthecue on Monday February 07, 2022 @03:32PM (#30250629)
Interestingly, when I look at the top 5 richest people on the planet, I don't think any are optimizing for wealth.
Re:Can a $310M startup avoid due diligence? by forbiddenvoid on Monday February 07, 2022 @04:32PM (#30251528)
They are not optimizing for wealth... anymore. It's easy to shift your priorities once you are overwhelmed with a resource you could not possibly use all of.
Re:Can a $310M startup avoid due diligence? by missedthecue on Monday February 07, 2022 @05:06PM (#30252009)
I think I would describe Jeff Bezos and Elon Musk etc... as optimizing for making their companies succeed in the end, not optimizing for wealth.