AWS Acquires DuckLabs • Hacker News Board

Re: AWS Acquires DuckLabs

#291

Post by topaz0 » Wed, Aug 26, 2026, 11:05 PM UTC

tyre wrote: post #273

topaz0 wrote: post #250

Earlier quoted context omitted.

Says who? Ive never heard this and can't find anyone saying this.

How much do you need for your children to not work or provide complete financial freedom (i.e. can buy a home, raise a family, etc. without thinking about the income of their job)? That is the "generational" in generational wealth. You need more than $1.5m today should be $6m by the time they're 20. Depending on inflation, cost-of-living, tuition, etc. that might be enough. People talking about generational wealth ar…

Generational wealth is just wealth that survives to the next generation. It doesn't have to be extravagant wealth when it gets there to count.

Also wealth does not start at the ability to live an extravagant life without a salary... You're wealthy way before that point.

Re: AWS Acquires DuckLabs

#292

Post by 7e » Wed, Aug 26, 2026, 11:25 PM UTC

rklaehn wrote: post #112

cmiles8 wrote: post #33

Congrats to the founders but honestly feel bad for the team. Hearing so many not good things coming from inside AWS these days. Place sounds like a total mess. Seems like a constant stream of top talent fleeing on my LinkedIn this past year. I hope they just let the team carry on and don’t contaminate it with all the other craziness going on.

They built something amazing and now have a nice exit. The code remains open under a non profit foundation. I don't think it is that bad. If working conditions are too bad people will just quit and work for the foundation.

There is no guarantee of a nice exit.

Re: AWS Acquires DuckLabs

#293

Post by MeetingsBrowser » Wed, Aug 26, 2026, 11:27 PM UTC

topaz0 wrote: post #291

tyre wrote: post #273

Earlier quoted context omitted.

How much do you need for your children to not work or provide complete financial freedom (i.e. can buy a home, raise a family, etc. without thinking about the income of their job)? That is the "generational" in generational wealth. You need more than $1.5m today should be $6m by the time they're 20. Depending on inflation, cost-of-living, tuition, etc. that might be enough. People talking about generational wealth ar…

Generational wealth is just wealth that survives to the next generation. It doesn't have to be extravagant wealth when it gets there to count. Also wealth does not start at the ability to live an extravagant life without a salary... You're wealthy way before that point.

This is probably the disconnect.

Technically any asset transferred to the next generation is “generational wealth”.

But in the context of a startup sale, when you say generational wealth nobody assumes you mean the ability to pass a few thousand down.

The common understanding is that you have enough money that future generations do not need to worry about money, assuming they maintain an average or slightly above average lifestyle and use the money responsibly.