|
|
|
|
|
|
by taa
5262 days ago
|
|
|
A very interesting article indeed. Not much new, though. I am curious, though .. many co-founders with very successful exits make the top 0.05% or 0.01% in terms of networth, but they're new money. They're not part of the 0.01% closed circle. What happens to them, usually? Are they accepted into the 0.01% circle once they've made enough money to afford it, or are they treated like a wealthier bottom half of the top 1%? And for the wealthy people who have pledged 50%+ of their wealth to charity - where do they fall in all this classification? |
|
|
With the exception of really tremendous exits, let say a pretty successful cofounder gets between .5 million and 5 million (I'm making these numbers up but Id assume these are pretty reasonable guesses for a majority of moderately successful exits). So if thats the case you have a nice chunk of net worth but after an exit you may not have much cash flow to keep up with the big hitters who have a tremendous stream of cash coming in consistently.
Im certainly not arguing that the co-founder with the successful exit is in a bad position - just that their cash flow may be comparatively low compared to someone else who has an ongoing "money printing machine" so to say.