Sample SV startup earner, how he made through Bay Area life

Economy & Finance
22

Anonymous poll will give you a headcount. Their identity will be a secret

23

In my scope, this is Super Rich !

24

Estate tax exemption is $22M now and it used to be $11M. So the definition of the rich is also now $22M.

But 22M is for the networth at the time of death. You guys still have many years to work towards being the rich if not already.

Iā€™m sure some of you guys are rich by manchā€™s standard. So all of us are hanging out with the rich here. Hope this fact will help everyone to become rich

25

It is like tennis always play and hang with people richer than you are. Problem is my wife gets jealous of them. That why I hang out hereā€¦ lol

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26

If we buy the private syndicate deals, we can then hang out with rich guys. Might be a good idea to buy a small stake and see what the rich guys do

27

You each have to pay me $100k min to joinā€¦

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28

They wonā€™t take small investment less than 100k?

29

$100k min to play with the big boys. Plus net worth over $1m or $200k min income

30

100k is a hard requirement. Accredited part is self assertion, people can lie.

But if they can deliver 36% IRR, your money would be doubled in 2 years. Much better than REIT

31

Many people in bay are pass that smell test. I am not paying you 100k, however, unless with pay you mean invest :slight_smile:

32

I have an opportunity in Menlo Park
$100k
20 IRR
10 year hold
Pm if interested

3 Likes
33

20% annual return is huge. Your 100k will turn into 800k in 10 years. But within 10 years, you canā€™t sell it?

34

Ok hereā€™s my guess of everybodyā€™s net worth:

  1. @Elt1: >$20M
  2. @hanera: $10M
  3. @Jil: $5M
  4. @manch: $4M
  5. @sfdragonboy: $3M
  6. @bagb: <$1M
35

Up at 4 in the morning counting our moneyā€¦lol
So where are you on this list Wuqijin?

2 Likes
36

Exactly, how come wuqijun is missing in the list?

37

We will just have to make up his networthā€¦A couple of bitcoins, some Tesla stock and a lot of debtā€¦lol

38

Wuqijun: 3-6M, best guess 4.5M. Not yet a rich man in manchā€™s eye :rofl:

39

Umā€¦ the more I think about it, the more I believe those figures in my list are very close to accuracy. Boy, Iā€™m goodā€¦ :rofl:

40

How is my guess? Is it as accurate as your list?

41

I doubt the numbers are accurateā€¦But take advice from an old manā€¦It is much easier to make money than it is to hold on to itā€¦donā€™t get greedy. Donā€™t take unnecessary risks, deleverage and put aside money to live onā€¦

3 Likes