There's probably a bias here around bootstrapped founders exiting at lower valuations because the take home of 100% of 10M is easier to get than 5% of 200M.
I made up the numbers here but I think many founders are happy to get that first or second base hit of change your life but not quite FU money safety net vs VC money forcing the bipolar choice between home run or strike out.
You've got enough to buy a house in SF, put your kids through college, and not have to work again, for let's say 50 years with a decent annual spend, if you put most of it into a retirement account.
Comments
There's probably a bias here around bootstrapped founders exiting at lower valuations because the take home of 100% of 10M is easier to get than 5% of 200M.
I made up the numbers here but I think many founders are happy to get that first or second base hit of change your life but not quite FU money safety net vs VC money forcing the bipolar choice between home run or strike out.
Are you saying 10M isn't fuck you money? Its not rich but with planning you can live middle class support a family and not work again.
Give it a few hours. Sooner or later, someone will chime in saying that living on $400k a year is "basically poverty" in SF or Silicon Valley.
Not really after capital gains taxes.
You've got enough to buy a house in SF, put your kids through college, and not have to work again, for let's say 50 years with a decent annual spend, if you put most of it into a retirement account.