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I am a guy who sold his startup and I have like $20M in the bank. AMA.

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Re: I am a guy who sold his startup and I have like $20M in the bank. AMA.

#21
basically you have 3 choices.

- try to help others(less fortunate). Setup/contribute to charities, teach, cure, feed...

- try to change the world. promote democracy in russia, try to figure out how gravity works, actively support/participate on a team that does something visionary such as new energy initiatives or space exploration.

- defer the question for some time. Try to turn 20 into 200.

Re: I am a guy who sold his startup and I have like $20M in the bank. AMA.

#22

basically you have 3 choices. - try to help others(less fortunate). Setup/contribute to charities, teach, cure, feed... - try to change the world. promote democracy in russia, try to figure out how gravity works, actively support/participate on a team that does something visionary such as new energy initiatives or space exploration. - defer the question for some time. Try to turn 20 into 200.

- have a bunch of fun

You should probably do this, plus one of the other three.

Re: I am a guy who sold his startup and I have like $20M in the bank. AMA.

#23
post #16

From the comments: Two quick stories for you, which I hope will give you some perspective: 1. I knew a billionaire with cancer. Imagine having all the money in the world and being unable to eat. 2. I knew a super millionaire with half a dozen properties all over the world who lived next to another super millionaire with half a dozen properties all over the world; they were locked into a multi-million dollar argument…

That sounds really rough. I had some relatively minor digestive issues this year and lost 20 lbs in 1 month. I felt, for almost an entire month, as if I would get sick at any moment (yet only did twice).

It really sucked, though it's largely over and I can't imagine what someone with serious issues goes through.So good luck with getting well!

Re: I am a guy who sold his startup and I have like $20M in the bank. AMA.

#25
post #16

From the comments: Two quick stories for you, which I hope will give you some perspective: 1. I knew a billionaire with cancer. Imagine having all the money in the world and being unable to eat. 2. I knew a super millionaire with half a dozen properties all over the world who lived next to another super millionaire with half a dozen properties all over the world; they were locked into a multi-million dollar argument…

That sounds really rough. I had some relatively minor digestive issues this year and lost 20 lbs in 1 month. I felt, for almost an entire month, as if I would get sick at any moment (yet only did twice). It really sucked, though it's largely over and I can't imagine what someone with serious issues goes through.So good luck with getting well!

Thank you. :-)

But I am mostly well. Finishing up the process is basically just a matter of time. :-D

Next project: Figure out how to support myself without a day-job! ;-)

Re: I am a guy who sold his startup and I have like $20M in the bank. AMA.

#27
> "My question for reddit: what would you do if you had $20M in the bank?"

Fight death.

- Fight death of individuals:

Cryonic preservation: http://www.cryonics.org/ -- see also http://wiki.lesswrong.com/wiki/Cryonics

Basic research on aging and fighting it: http://mprize.org/

- Prevent the extinction of Earth-originating intelligent life:

Oxford Future of Humanity Institute - academic research on global catastrophic risks. http://www.fhi.ox.ac.uk/

Singularity Institute for Artificial Intelligence - http://singinst.org/

- Where to hang out with other people interested in rational philanthropy with maximum utilitarian impact per marginal dollar: http://lesswrong.com/ and http://felicifia.com/

Re: I am a guy who sold his startup and I have like $20M in the bank. AMA.

#28
post #18

"My question for reddit: what would you do if you had $20M in the bank?" Thats a hard question, with that kind of money I can't think of any obvious ideas that would have a big impact on humanity. If he had said I have $20 billion heres my ideas: - Make Creative Commons text books. Hire a group of editors and staff that over see super star teachers who write the books. Release them under the CC licence. - Startup Apa…

Thats a hard question, with that kind of money I can't think of any obvious ideas that would have a big impact on humanity.

Hypothetically supposing you were to automate a labor-intensive process in the field of your choice, and market that successfully to 100,000 people saving them each one hour a year, you'd have contributed essentially fifty full-time workers of your chosen profession to the community. Those could be nurses or teachers or priests or what have you.

That is very doable on dollar amounts much, much smaller than $20 million. Plus, the Internet chews up numbers like 100,000 for breakfast.

Re: I am a guy who sold his startup and I have like $20M in the bank. AMA.

#30
post #27

> "My question for reddit: what would you do if you had $20M in the bank?" Fight death. - Fight death of individuals: Cryonic preservation: http://www.cryonics.org/ -- see also http://wiki.lesswrong.com/wiki/Cryonics Basic research on aging and fighting it: http://mprize.org/ - Prevent the extinction of Earth-originating intelligent life: Oxford Future of Humanity Institute - academic research on global catastrophic…

Where to hang out with other people interested in rational philanthropy with maximum utilitarian impact per marginal dollar

As far as the human race is concerned, pretty much everything you listed (cryonics, anti-aging, preparing for AI that may never be invented, etc) has the least amount of utility per dollar spent.

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