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by ThrowawayR2
525 days ago
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We are on Hacker News and so a billion dollars ought to be rather easy to visualize for VCs and hackers: it's the compensation of the equivalent of ~350 L4 developers from Google for ten years. What could one do with ~3500 man-years of developer time at their disposal? Rather a lot and that's the point. Immense quantities of money are not about personal consumption but about the ability to do things and more money means more and bigger things can be done. |
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I can visualize a few million dollars as about an order of magnitude more than I'm worth now. If someone gifted me a million dollars, I have a reasonably good idea of how I'd spend it. I'd pay off the house, pay off the credit cards, maybe move somewhere that isn't the cesspool of NYC, and invest the rest into a low-risk index fund. Boring, easy-to-digest stuff.
If someone gave me a billion dollars, I have absolutely no idea how the hell I'd spend it. It wouldn't be radically different than someone giving me a trillion dollars, at least not at first; they're basically infinite quantities of money to me. It seems almost trite to just dump it all into a Vanguard account.