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RxBar co-founder Peter Rahal on life after becoming a millionaire

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Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#51
I don't like articles like this for two reasons: (1) they trivialize actually building a company, growing it, and selling it, and (2), they provide comfort for those that don't have the drive/luck/privilege of getting there by arguing that "hey, money doesn't make you happy!"

First of all, as others mention in the thread, this is hardly an example of an "overnight success" -- there are no such examples, barring a few extreme outliers. Not only do the great majority of startups fail, the great majority of successes grind for years and years before seeing the light at the end of the tunnel. It's not like some dream-land utopia. If you're like me (and I think most HN'ers are), you continue building stuff in spite of the overwhelming odds. That's the real lesson here. Trying, failing, trying, failing, and doing this over and over, even though expecting a different outcome is technically insanity.

Secondly, the adage of "money doesn't bring happiness" is obvious to anyone that's not young or incredibly naive. We get it -- money is not the end-all of life (duh). But at the same time, can we not kid ourselves? Money makes life much easier than the alternative. Anyone that grew up poor and achieved some modicum of success (I grew up in essential poverty in a third world country; now I make a "modest" six figure salary and live in Los Angeles) realizes this. I'm reminded of a (2008 crash) documentary I saw years ago where a banker says: "I grew up poor, and now I'm rich; trust me, I'd rather be rich."

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#52
post #22
post #21

Earlier quoted context omitted.

Solution for Peter Rahal: get cancer.

Maybe then he'd plow his money into something useful like cancer research. Of course, even better if he puts his money to a good cause without getting cancer.

By simply reinvesting his money into the economy via stocks and bonds he is contributing the making the world a better place.

Market economics has been lifting the world's humans out of poverty at an alarmingly fast rate since 2000. You'll never hear about this in the news of course.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#53

Actually getting the money itself in reality did happen overnight, but the setup took him years and thousands of hours of work and much blood sweat and tears. This isn't so much about what happens when you become rich quickly, as "What happens when you achieve your goal?"

I mean, going from 0 to $600M in a couple years may as well be overnight.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#55

The story holds it's own, and doesn't really need the "Overnight Millionaire" click bait. Also, > He and a buddy from elementary school started RxBar in 2012... By the time RxBar became a business with revenues north of $100 million, with virtually no outside investment, Rahal was grinding at it from 7 a.m. to 10 p.m daily. This is anything but "overnight". Reminds me of the "overnight success" quotes in many forms,…

He went from nothing to $600M in 5 years. It isn't "technically" overnight but 5 years is not that long.

And the 7-10 grind was probably only true of year 0-1. RxBar got a lot of traction well before they were sold, and so to believe he was grinding for the entire 5 years in the same way he was in the basement when they first started is a bit naive.

Worse than "overnight millionaire" porn is "hustle" porn. The truth is for businesses that are fortunate to find product market fit the market carries you more than anything you've personally done.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#56
post #51

I don't like articles like this for two reasons: (1) they trivialize actually building a company, growing it, and selling it, and (2), they provide comfort for those that don't have the drive/luck/privilege of getting there by arguing that "hey, money doesn't make you happy!" First of all, as others mention in the thread, this is hardly an example of an "overnight success" -- there are no such examples, barring a few…

Agreed. I also grew up poor and now live comfortably. Having my own place with no roommates (or mentally ill family members screaming at me) brings me a lot of peace. Being able to just uber somewhere when I have an appointment but feel too tired to take public transit for 45 minutes makes my life easier. There are a lot of problems in life that you can make disappear (or simplify a lot) by throwing a little money at them. You can remove a lot of stress factors. Money gives you more freedom to choose what you want your life to be like.

The flipside is that I know very well that, if I'm in an anxious mindset, my brain will find things to worry and be unhappy about. I know being a multi-millionaire wouldn't bring me bliss, but... Being able to work on my own projects, as much as I want, whenever I want. That would be fucking awesome.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#57
post #46

Just means you are responsible for deploying more liquid capital into productive assets. Have fun finding those. If you are creative and a builder, the people who made you what you are were the ones who told you "no," and now there are a lot fewer of those once they think you have money. Barring a few quality of life things and some freedom, the rest is just symbols and artifacts. That bit about finding a woman who w…

I think the whole thing boils down to the idea that, someone who manages to make this much money on pure ambition, hard work, and yes, a decent amount of luck and being in the right place in the right time - well, they’re not likely to be able to enjoy this amount of wealth. They ground it out in a way that I can’t even imagine having the energy to do. I’m a relatively lazy 9-5er who basically refuses to work past 5:…

I'm with you all the way on this one. There are so many more interesting things to do than work.

Yes, the old adage is do what you love and you'll never work a day in your life. Problem is what I love to do: relax, enjoy time with my family, read, watch Star Trek reruns... pays squat.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#58

These types of young people have no class, no style and no real dreams to follow - other than making money. Because someone makes money does not make then interesting to read about. This is a perfect example

You say that they have no class, no style, and no dreams, however you don't really have much to go off to make such definite generalized statements about a whole class of people. Seems more like you created an emotional image about a group you don't like and this is the conclusion that would produce.

He has eating utensils made of gold.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#60
post #8

It is interesting that creating a healthy bar with 'No B.S.' seemed to be motivated entirely by money, no idealism, no concern for public health, etc. He was totally willing to sell to a massive corporation that will almost certainly dilute his product to save cash and his main concern around that seemed to be 'but what will I do now?'. Maybe his life doesn't seem empty now that he has money, maybe it has always been…

Eh, that's a bit tough on him. He ran the company for 6-7 years. Considering how much he grew, he probably run through some challenges and quite a stress.

Maybe it was a journey worth going, but it's understandable that people need to take a break.

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