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Ask HN: Founders who sold their company, what do you do?

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Re: Ask HN: Founders who sold their company, what do you do?

#31
post #26

I sold my company last year and the deal came with a standard lock-up period. The company that bought us has a really bright future and I'm excited to be part of their journey so I don't mind. I'm currently working hard on integrating the product into their portfolio. Since they are using our former company as a stepping stone into a new market it's a lot like running a startup again, just with much more capital and…

Sounds pretty fun! Are you still working as much as before?

Re: Ask HN: Founders who sold their company, what do you do?

#33

Solo founder (with VC), sold after 15 years (last 13 highly profitable). Good question. Trying to invest carefully, enjoy life and undo the damage entrepreneurship did to my friendships, hobbies... No 40+ hours/week jobs any more, thank you.

How do you "Undo" the damage? Really interested in that part.

You dont have to be an entrepreneur to be super busy. Some part of the world expect you to work at at least 80 hours a week. So i guess this is good for everyone to know.

*As you grew older, you came to realise how little money actually means.

Re: Ask HN: Founders who sold their company, what do you do?

#34
post #24
post #23

Earlier quoted context omitted.

If (like me) you don't know anything about the (online) poker scene, "Black Friday" here is likely a reference to United States v. Scheinberg [1], a federal criminal case against the founders of some major online poker sites. [1] https://en.wikipedia.org/wiki/United_States_v._Scheinberg

out of interest, do the people of the usa generally agree that gambling like this should still be illegal (especially when most other countries allow it?). i'm in the uk and gambling is allowed.

People are going to be all over the map on this one. I see large downsides and minimal upsides to online gambling.

I think it should be illegal in practice because people get into massive downward spirals. Now, that does not mean we need no ban ultra low stakes poker, just the kind of games that cause people to go broke. Aka, someone that loses 200$ a month on poker is not a big deal. Someone that's losing 20,000+$ / month is likely a different story.

I have similar issues with the App Store and feel Apple / Google should limit in app purchases per month.

Re: Ask HN: Founders who sold their company, what do you do?

#35

The startup nearly killed me but I cashed out ~$3M after taxes. It’s all invested in a portfolio of index funds. I moved to a ski town in Colorado and ski 3x per week and volunteer teach fitness classes 4x per week. My wife and I have plenty of time and money so we “live sexy” - basically we’re swingers. We try to hook up with others for a threesome our foursome once a month or so. It is insanely fun but only works b…

Always interesting to see what other people think is 'cool'.

I love my wife too much to swing. Couldn't and don't want to imagine someone else having sex with my wife.

Re: Ask HN: Founders who sold their company, what do you do?

#36
post #35

The startup nearly killed me but I cashed out ~$3M after taxes. It’s all invested in a portfolio of index funds. I moved to a ski town in Colorado and ski 3x per week and volunteer teach fitness classes 4x per week. My wife and I have plenty of time and money so we “live sexy” - basically we’re swingers. We try to hook up with others for a threesome our foursome once a month or so. It is insanely fun but only works b…

Always interesting to see what other people think is 'cool'. I love my wife too much to swing. Couldn't and don't want to imagine someone else having sex with my wife.

That's because you (and me too) equate sex with intimacy (in the emotional sense). This is not true for all people and I don't judge.

Re: Ask HN: Founders who sold their company, what do you do?

#37
post #24
post #23

Earlier quoted context omitted.

If (like me) you don't know anything about the (online) poker scene, "Black Friday" here is likely a reference to United States v. Scheinberg [1], a federal criminal case against the founders of some major online poker sites. [1] https://en.wikipedia.org/wiki/United_States_v._Scheinberg

out of interest, do the people of the usa generally agree that gambling like this should still be illegal (especially when most other countries allow it?). i'm in the uk and gambling is allowed.

In practice, it's illegal because of Las Vegas lobbying against it. Particularly Sheldon Adelson, who has a ton of political influence

Re: Ask HN: Founders who sold their company, what do you do?

#39

The startup nearly killed me but I cashed out ~$3M after taxes. It’s all invested in a portfolio of index funds. I moved to a ski town in Colorado and ski 3x per week and volunteer teach fitness classes 4x per week. My wife and I have plenty of time and money so we “live sexy” - basically we’re swingers. We try to hook up with others for a threesome our foursome once a month or so. It is insanely fun but only works b…

The ~20 hours per week part feels really interesting - having a nice income while working part-time in a small town feels great, could you share the secret? :)
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