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Ask HN: What would you do with $1M?

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Re: Ask HN: What would you do with $1M?

#51

Stocks most likely, I kind of wish I knew how to start a business. Here's my crazy idea that there's 0% chance of me starting. General Aviation plane. It will look an awful lot like a B2 bomber. Rooftop solar panels on the top surface, this baby is parking outside. 2 EDF sourced out of the automotive crate engine options. Chevy bolt supplychain probably? Aiming for 400-600kw combined. 2 battery packs and speed contro…

> I kind of wish I knew how to start a business.

No need to wish. Starting a business is a learnable skill, and you can learn it from any of a huge number of resources. It isn't even that complex.

It's just a whole lot more work than you probably expect, even if you expect it to be a lot of work. But you get all the rewards of it, rather than being underpaid as an employee (all employees are underpaid in the sense that they have to generate more money for the business than they cost, or hiring doesn't pencil out.)

"Build your own dreams, or someone else will pay you to build theirs."

Re: Ask HN: What would you do with $1M?

#55
post #33

Earlier quoted context omitted.

Yea. I usually pay 2.5x-4x of profit multiple and mostly for small software businesses.

Would you really be willing to spend 100% of your money on one business?

I do run multiple businesses already. But I have learned that below a certain number or revenue/profits, it is not worth my time. So I would buy something that has a minimum threshold of revenue/profits and if that means I can only buy one for now, I will.
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