[haptiK]

Hi Diego,

Could you elaborate more on the cashing out of stock from public companies point? You sold IndexTank for 1.6 million dollars. I don't really consider that "never work again rich" in this day in age. Were the sales of your stock significant?

[flaie]

I don't want to be fussy and all, but even if it was sold for "just" 1.6 million dollars it would represent a big amount of money, and honestly I cannot read quietly that it could not be considered as a "never work again rich" amount of money.

It's the same as getting between 30 and 40 years of an experimented developer's average salary where I work, so it would mean that I can live exactly as I do now (and I can't complain), but at home without needing to work anymore. Just good money to spend with family, travelling or improving your knowledge. Seems like a good deal to me.

[guynamedloren]

I think you misread.. it looks like the $1.6 million is how much was raised in the seed round:

http://www.crunchbase.com/organization/indextank

The acquisition would be much more than that.

[ra]

The figure was never publicly disclosed but I'd say somewhere between $20M and 200M... If I were to guess I'd say somewhere around the middle of that range.

[stormbrew]

I think what you're looking at isn't "never work [for someone else] again rich" but "never work [at all, and maybe just never leave your bed] again rich". There's enough room to read either into that sentence, but the former is just as real as the latter because most people who do it once will probably try to do it again.

If your position before the liquidity event is "making low six figures per year in salary," 1.6 million dollars will at least give you an ~10 year buffer in which to make it to your next liquidity event with relatively little risk.

And that one's probably the one that lets you stay in bed for the rest of your life, if that's what you really want (but it probably isn't).

[govindkabra31]

people pointed out that it was probably sold for much higher amount.

even so, $1.6million is 'never work again rich'-- at modest 10% return, with capital gains taxes, you would be making enough to pay your family's expenses.

[haihaibye]

10% return isn't modest today. Risk free US bonds are sub 3%

[imjk]

I haven't seen any public records on the sale of IndexTank, but I'm pretty sure they didn't sell for $1.6MM. I think you're reading the amount of funding they received before the sale.