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I am rich and have no idea what to do

vinay.sh

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Re: I am rich and have no idea what to do

#271

Post by droideqa »

I think it is important to support what I call 'amplifiers' in the tech sphere.

I think the FSF is the number one for me[0]. They invented the GPL, got the ball rolling, and were very innovative with the creation of the AGPL.

If anyone has extra money and reads this, please do your own research into the FSF and figure out if it makes sense. They take extreme positions when it comes to tech software, but they define a point on the tech spectrum that in turn defines the whole spectrum. I hope that last sentence makes sense.

[0]: https://www.library.hbs.edu/working-knowledge/open-source-so...

Re: I am rich and have no idea what to do

#272

Post by paulpauper »

trane_project wrote: post #183
tiffanyh wrote: post #45

The author co-founded Loom [0], which was acquired by Atlassian a year ago ~$1B. If the insights are correct, each cofounder netted ~$56M [1] [0] https://vinay.sh [1] https://www.cbinsights.com/research/loom-valuation-investor-...

Serious question, but how exactly does Atlassian hope to recoup that billion dollars? Loom is useful, but given that Atlassian's investors are expecting a large return, do they really hope a screen recorder to eventually add 2B+ dollars to their value? The AI features will eventually be commoditized, so that can't act as a moat.

it's not just the screen recorder: it's also the large userbase, the corporate connections, and the IP. if the stock goes up a few percent that alone covers the purchase

Re: I am rich and have no idea what to do

#273

Post by BurningFrog »

archagon wrote: post #192
akamaka wrote: post #145

> I should work for Elon and Vivek at DOGE and help America get off its current crash to defaulting on its own debt I’ve got an idea: take some good economics courses so that you learn how government spending actually works.

[flagged]

DOGE hasn't done anything yet, so this is purely expressing prejudice.

Re: I am rich and have no idea what to do

#274

Post by paulpauper »

motohagiography wrote: post #269

It's not really a lot of money, but it is a non-trivial management problem you'd have to spend more time than you think responding to- and at an opportunity cost against things that provide belonging, satisfaction, hope, and joy. With these new obligations, you need to manage them so that you can focus on those other good things. Get it managed, out of cash, and get it planned for and pay yourself your old salary wit…

how is tens of millions not a lot?

Re: I am rich and have no idea what to do

#276

Post by setheron »

tiffanyh wrote: post #45

The author co-founded Loom [0], which was acquired by Atlassian a year ago ~$1B. If the insights are correct, each cofounder netted ~$56M [1] [0] https://vinay.sh [1] https://www.cbinsights.com/research/loom-valuation-investor-...

They had this as an internal product within Google. I liked it as part of their lab 120 division. They ended up killing it :(

Re: I am rich and have no idea what to do

#277

Post by rtpg »

kortilla wrote: post #252
akamaka wrote: post #145

> I should work for Elon and Vivek at DOGE and help America get off its current crash to defaulting on its own debt I’ve got an idea: take some good economics courses so that you learn how government spending actually works.

This is a facile dunk. Economics literature is filled with examples of debt destroying countries’ economies either through hyper inflation or default. Since the US controls its currency, it is very likely to take the inflation route, but if you get enough hawks they might choose to default.

But perhaps people supposedly becoming in charge of material results should in fact at least have a sketch of an actual nuanced understanding of things.

People who watched Europe through the Great Recession and walk away thinking "I guess austerity works" are not people seriously consuming information, they are ideologues.

Re: I am rich and have no idea what to do

#278

Post by paulpauper »

ocius wrote: post #127

Just as a side note because you mentioned it in relation to DOGE: the US government cannot go bankrupt in its own currency. As long as prices are kept in check, there is no reason not to create more money. The fact that the US has to pay interest on it doesn't change that. If the government decides to spend more money than it takes in, the money is simply created by the central bank (through the detour of bonds). If…

The Us is an outlier in this regard. Other countries have had major inflation and currency collapse. It's why predictions of 'US debt collapse' never come true although it is a real risk elsewhere.

Re: I am rich and have no idea what to do

#279

Post by willseth »

jay_kyburz wrote: post #140
brcmthrowaway wrote: post #120

I feel sorry for the girlfriend, invested months or years into the relationship and left with nothing after the dude got rich

If she was his de-facto partner during the creation and sale of his company, she will have done alright.

He wouldn’t have said “girlfriend” if they were married.

Re: I am rich and have no idea what to do

#280

Post by asdfman123 »

j4coh wrote: post #3

Same situation, I truly empathise because it really does seem to take a lot of purpose out of everything. What I’ve found is that you need to replace money/salary/financial success optimisation (assuming you spent a lot of your life and energy to this point focused on these, much like I did) with something else totally unconnected with being measured in that way. For me, I am focused on proving myself as a guitarist…

People need work to be happy. That doesn't have to be, say, office work necessarily: it can be making music full time, or volunteering at a hospital, or any number of other things.

But you have to have something keeping you busy that makes you feel like you have a purpose.

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