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The side of Paul Allen I wish more people knew about

gatesnotes.com

131–140 of 145 posts

Re: The side of Paul Allen I wish more people knew about

#131

Earlier quoted context omitted.

He’s had 20-30 years to make mortgage payments.

And has not paid off the mortgage.

No we haven’t. Our decision is to pay off the mortgage as slowly as possible. The interest rate on the mortgage is 3.5% so if inflation rises significantly, we will be paying negative real interest rates for much of the duration of the mortgage.

Re: The side of Paul Allen I wish more people knew about

#132

Earlier quoted context omitted.

Yeah I feel like this is an underrated point. Does being there at the early years of a company justify a cut of an unfathomable fortune that took the other partners many, many more years to fully form? It’s not so cut and dry, especially when we’re talking about the kind of fortune being fought over.

If the other partners want more value in exchange for continuing to work for the company, they should negotiate for more shares in a dilution event. If they expected 30 years of service in the first place, then they should've put a 30 year vesting term on the shares from the start. There's no right answer, it really depends on what people want and negotiate for. I may expect to put in 5 years and then retire with wha…

The subject is well trodden now, of course. But, ask me in 1981 and I wouldn't have had much in the way of clue. My first intuition is that they should have bought him out at a nice premium at the time he left.

On the other hand, it is so bad a cool guy won a 100x lottery? Worse things have happened.

Re: The side of Paul Allen I wish more people knew about

#133

> Paul was driven by an incredible curiosity his whole life. Even when we were just kids, he seemed to be interested in just about everything. I can identify with this. I've founded a gamedev company, taught Computer Graphics, and worked at Google and Improbable as a SWE; but in the middle of all this I wrote a novel, I recently quit my job to become an actor/filmmaker ( https://www.imdb.com/title/tt10232800 ), and I…

[deleted]

Re: The side of Paul Allen I wish more people knew about

#134

Earlier quoted context omitted.

> what to optimise for (Not spelling or grammar, eh? I kid.) ;-) Open secret (it's like a cheat code): service to others is the most rewarding.

> Not spelling or grammar, eh? Recently spent 4 years living in London, and I picked up some of the UK spelling. > Open secret (it's like a cheat code): service to others is the most rewarding. Very interesting, thanks!

> Recently spent 4 years living in London, and I picked up some of the UK spelling.

Lucky duck! :-)

I want to hide behind my auto-spellchecker (which flagged it as I was replying, which is what prompted me to tease you about it) but really I'm just more ignorant than I like to believe. Good lesson in humility really. Oddly enough, I used to have it set to British English and so used e.g. "colour", etc.

> > Open secret (it's like a cheat code): service to others is the most rewarding.

> Very interesting, thanks!

Cheers! It's like a whole 'nother level to life, like as if you've been playing checkers the whole time and now you're ready for chess. You're at the right age too: you've seen enough of the world to avoid the naivete of youth, but you still have energy and ~20-50+ years to work/play with!

Re: The side of Paul Allen I wish more people knew about

#135

Earlier quoted context omitted.

It is great to be interested in everything when you’ve won the lottery. The rest of us aren’t so lucky and probably need some focus.

Yeah, I was thinking about that. If through a combination of luck, skill and effort you sell your first startup for tens of millions before you're 30, you probably have a lot more freedom to do whatever you want next. Unfortunately, that's not my story :(

To be honest, a regular life with limits is probably best for our health. Humans are built for mild adversity. Closest to happiness are probably the monks meditating in the mountains wanting for nothing. Conversely why so many rich folks are mentally ill, imho.

Re: The side of Paul Allen I wish more people knew about

#136

> Paul was driven by an incredible curiosity his whole life. Even when we were just kids, he seemed to be interested in just about everything. I can identify with this. I've founded a gamedev company, taught Computer Graphics, and worked at Google and Improbable as a SWE; but in the middle of all this I wrote a novel, I recently quit my job to become an actor/filmmaker ( https://www.imdb.com/title/tt10232800 ), and I…

As someone who has been very laser focused in life I often feel the opposite of you. I finished university, did my PhD, and now have a job doing research in the area of my PhD. I've been working 60-80 hour weeks for the past 10 years. I do some small activities on the side, so life isn't monotonous, but I don't invest in anything nearly as much as I do my work. I often wonder if I'm missing out on life by not committ…

Nobody ever mentioned to regret that they have not worked harder. Most people regrets they had not spent more time not working.

Re: The side of Paul Allen I wish more people knew about

#137

Earlier quoted context omitted.

Or the way that modern progressives tend to skew everything towards race and class when a conversation is not even remotely about that, it seems like a natural thing for them. It might be natural for the NY Yankees to win a world series. Some people complain about it when it happens. Some people don't like the Yankees. But they are pretty good at baseball. When Microsoft lost the mobile market, it was an unfortunate…

I picked those examples because they're very prominent uses of the naturalistic fallacy. The reason that obvious examples in America are about things like race and class is that America was founded by a bunch of rich white dudes who wrote their systemic advantages into law, enforced them violently, and then tried to pretend it was just the natural order. If you don't like that, take it up with them. Were we in Englan…

I think those who are defending Gates here naively believe they are of the same natural position, instead of realizing they are so far down they are more realistically his prey.

Re: The side of Paul Allen I wish more people knew about

#138

Earlier quoted context omitted.

Man, these earnest wealth brags are really annoying here. There's was no reason to mention the piano, but you did.

He mentioned it because it shows that while he hasn’t been in the rat race he’s done well enough to treat his family well. I’m happy for him, and honestly 20k isn’t that much money in the big scheme of things so he probably didn’t think of it as a brag

>and honestly 20k isn’t that much money in the big scheme of things so he probably didn’t think of it as a brag

lol are you bragging in the same exact way? 20k isn't much money in the big scheme? 20k is median more than people in 136 countries have

https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...

Re: The side of Paul Allen I wish more people knew about

#139

Earlier quoted context omitted.

He mentioned it because it shows that while he hasn’t been in the rat race he’s done well enough to treat his family well. I’m happy for him, and honestly 20k isn’t that much money in the big scheme of things so he probably didn’t think of it as a brag

>and honestly 20k isn’t that much money in the big scheme of things so he probably didn’t think of it as a brag lol are you bragging in the same exact way? 20k isn't much money in the big scheme? 20k is median more than people in 136 countries have https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...

Most people here live in the first world...

Re: The side of Paul Allen I wish more people knew about

#140

Earlier quoted context omitted.

The only question to answer is, “are you happy?” I’m almost 50, I don’t have a high profile job, failed at getting into Google 5 times, but just bought my wife a $20,000 grand piano for our anniversary without thinking about it. My kids make me happy, my house mortgage is less than 1X my household earnings, my work pays well and I have a great Work Life Balance. We all die within 120 years, and if we are cremated, th…

Man, these earnest wealth brags are really annoying here. There's was no reason to mention the piano, but you did.

I think the point is even if you don't work for google you can afford the piano.
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