usually the percentages you see are different: "would you rather have 20% of 10 million or 100% of 0"
I would negotiate to an equity stake of at least 150% of 0.
VC Part 2: Fuck-off Money
21–30 of 35 posts
Re: VC Part 2: Fuck-off Money
#22Earlier quoted context omitted.
I've always heard it as fuck-you money. Meaning you can afford to say, "fuck-you" to anyone you want (boss, your competition, a cop, etc...) and not have to worry about paying your bills tomorrow.
On this topic, I've only ever heard people who don't have fuck-you money call it fuck-you money.
Nassim Nicholas Taleb did, so you're wrong: http://www.portfolio.com/views/columns/the-world-according-t...
Sorry about making this slightly pointless comment :(
Re: VC Part 2: Fuck-off Money
#23Why are you trying to talk about "the least amount of money I can get in order to get by"? I don't really understand this whole "my odds of doing something really small are high, so f * you all, I'm doing that. F * VCs, f * the world, f * working a lot." That's a terrible attitude if you actually are in this because you enjoy it and want to make a meaningful contribution to society, and not just make some petty money…
pg's opinion (it would seem):
[9] There are two ways to do work you love:
(a) to make money, then work on what you love, or
(b) to get a job where you get paid to work on stuff you love.
Re: VC Part 2: Fuck-off Money
#24Earlier quoted context omitted.
On this topic, I've only ever heard people who don't have fuck-you money call it fuck-you money.
Nassim Nicholas Taleb did, so you're wrong: http://www.portfolio.com/views/columns/the-world-according-t... Sorry about making this slightly pointless comment :(
On an unrelated note, I think people gives Taleb too much credit. Sure, he's a fantastic author and the points he bring up are interesting and noteworthy but he isn't a good trader. I just don't understand why retail investors like to think that Taleb is in the same league as Ken Griffith and worship Fooled by Randomness/Black Swan as a trading bible. It's not. If you try to apply his principles on the market, you'll bleed to death slowly and maybe once a while during a Black Swan event, you get a blood transfusion but in the long run, you'll die. There's a reason why those out-of-the-money options are cheap. It's called probability.
Re: VC Part 2: Fuck-off Money
#25Earlier quoted context omitted.
Nassim Nicholas Taleb did, so you're wrong: http://www.portfolio.com/views/columns/the-world-according-t... Sorry about making this slightly pointless comment :(
On an unrelated note, I think people gives Taleb too much credit. Sure, he's a fantastic author and the points he bring up are interesting and noteworthy but he isn't a good trader. I just don't understand why retail investors like to think that Taleb is in the same league as Ken Griffith and worship Fooled by Randomness/Black Swan as a trading bible. It's not. If you try to apply his principles on the market, you'll…
Unless Taleb is right, of course, and the market calculates these probabilities incorrectly.
Re: VC Part 2: Fuck-off Money
#26Fuck-you money is an illusion. A person with $1 million is not going to want to live a lower-middle-class lifestyle, and the fact is that there is no way to guarantee high (7-10%) returns; equity markets are actually likely to struggle for the next decade. Most people who have a chance at $20 million would be bored without work and, of course, want to work on the best projects with the best people. This desire ensures that they can't be entirely independent, although they have more freedom than the average person.
It's better to just accept that complete independence is an delusion. I hope to make a lot of money one day, but I don't harbor the illusion that it will exempt me from interdependence with other people.
Re: VC Part 2: Fuck-off Money
#27to answer the article's question: $440k. done. here's the rationale: $200k pays off all the debt i have: mortgage, car, everything, and should leave me with $50K in a working capital cushion. i would continue to work on something, because i'd go crazy if i didn't, but it'd likely be another startup idea of some sort. maybe work on student incubation. $240k goes in a ladder of 1 year certificates of deposit at $20k ea…
Taxes are also conspicuously absent.
Re: VC Part 2: Fuck-off Money
#28Fuck-you money is an illusion. A person with $1 million is not going to want to live a lower-middle-class lifestyle, and the fact is that there is no way to guarantee high (7-10%) returns; equity markets are actually likely to struggle for the next decade. Most people who have a chance at $20 million would be bored without work and, of course, want to work on the best projects with the best people. This desire ensure…
indeed. the first million just suckers you into buying more expensive crap (house, sports cars, etc)
Re: VC Part 2: Fuck-off Money
#29what retards, fantasizing over $5 or $20 million...why not dream big...be the first trillionaire. i feel sad for all you retards who fantasize all day about money
Re: VC Part 2: Fuck-off Money
#30to answer the article's question: $440k. done. here's the rationale: $200k pays off all the debt i have: mortgage, car, everything, and should leave me with $50K in a working capital cushion. i would continue to work on something, because i'd go crazy if i didn't, but it'd likely be another startup idea of some sort. maybe work on student incubation. $240k goes in a ladder of 1 year certificates of deposit at $20k ea…
Taxes are also conspicuously absent.
When you're only earning $800 a month, taxes should be pretty negligible, surely?