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this post was submitted on 08 Oct 2024
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I suppose that would be the exception...somebody taking no more than a modest salary while building and growing a business, constantly re-investing into the business and their employees, then selling the business for hundreds of millions of dollars and bowing out of the rat-race forever.
That has to be exceedingly rare.
I'd like to say I would do that if I were in that position...but truth be told, I'd probably have everybody asking me to invest in their startup. And some might actually sound very promising and not very morally bankrupt.
But what's a couple million out of my hundreds to toss to an interesting startup. That's pocket change now. This is gambling for rich folk.
And that startup makes it big. Next thing you know, I'm a mogul.