Re:Silicon Valley's best kept secret: Founder liquidity
by throwbigdata on Wednesday June 12, 2024 @04:59AM
(#40656016)
Life is very different at $50M v $250M
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Re:Silicon Valley's best kept secret: Founder liquidity
by Tepix on Wednesday June 12, 2024 @05:15AM
(#40656110)
Is it?
Re:Silicon Valley's best kept secret: Founder liquidity
by BoorishBears on Wednesday June 12, 2024 @05:29AM
(#40656186)
It's not really compared to an average person's life, but in SV tradition never let the chance to subtly flaunt a wealth gap pass by freely
(This is the part where you say "Yes, having lived both <insert revelation>")
Re:Silicon Valley's best kept secret: Founder liquidity
by shermantanktop on Wednesday June 12, 2024 @02:14PM
(#40661155)
Has 50M: wishes they had 250M
Has 250M: wishes they had 1B
Re:Silicon Valley's best kept secret: Founder liquidity
by gafferongames on Wednesday June 12, 2024 @05:03PM
(#40663097)
Tres Commas
Re:Silicon Valley's best kept secret: Founder liquidity
by fooker on Wednesday June 12, 2024 @09:11AM
(#40657736)
50m is the upper echelons of private chaffeur money, 250m is the lower echelons of private jet money.
Re:Silicon Valley's best kept secret: Founder liquidity
by kelnos on Thursday June 13, 2024 @04:54AM
(#40667388)
It depends on the kind of lifestyle you want to live, I guess. If you want to live in a $30M mansion estate with 24/7 domestic staff and have several vacation homes around the world, $50M might not cut it, while $250M should cover it just fine.
If you have a philanthropic bent and want to be able to fund various charities to the tune of $5M or $10M per year (in addition to a reasonably luxurious lifestyle, though considerably less than the above hypothetical), $50M might not be enough to sustain that over time, but $250M probably will.
I think it's fair to say that there's not much difference between net worths of $25M and $50M, or between $50M and $75M. But jumping an order of magnitude from $50M to $250M will let you live a very different kind of life, if you so choose.