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Or you can be like Kevin Systrom and kick yourself everyday for taking a percentage of 1 Billion dollars and not 20 Billion dollars.

corford 10y ago
Acording to Wikpedia his percentage netted him $400 million. Given the guy was under 30 years old when FB bought Instagram, I'd say all told he's probably quite happy :) Honestly, once you get to almost half a billion net worth, what does it matter if you could have had more.
- bigbugbag 10y ago
  According to "What are your TRUE chances of getting rich in America? OR How to get rich in America"[1], he made enough to become one the anomaly and become rich outside of the 99% ways of doing so. [1]: http://www.jmooneyham.com/your-true-chances-of-getting-rich-reference.html http://www.jmooneyham.com/your-true-chances-of-getting-rich-...
- JumpCrisscross 10y ago
  $400 million could be less than $200 million after tax. That's a lot if all you think about is consuming your wealth. But if you're looking to jumpstart something in billionairesville, it's quite different from $2 billion.
  - bigbugbag 10y ago
    So what you say is that it depends if you're a decent human being or not. Can you live on $1 million a year with a roof over your head, food on your plate, clean water to drink and some extra comfort such as heat during cold season ? with $200 millions you could give away half of it and live happily on the remaining for a century. With $2 billions, the only difference is that you could give away 95% of it and live happily for a century.
product50 10y ago
Also, when FB acquired Instagram in stock and cash, its own valuation was around $50B. Now it is 8 times that. Also, you have to also account for the synergetic benefits which FB provided to Instagram in terms of getting users quickly started by following and being followed by their fb friends.
- bigbugbag 10y ago
  > Also, when FB acquired Instagram in stock and cash, its own valuation was around $50B. Now it is 8 times that. An in the not so distant future it will be a few orders of magnitude less. That's how stock market bubbles work, they inflate in a silly manner then burst leaving the rich richer and the others with grains of dust and suicidal tendencies.
bigbugbag 10y ago
Probably not. He's past the point ($75,000 a year) where getting more money makes you happier and maybe even past the point where you're considered rich ($400,000 a year regardless of having a paying job or not).

corford 10y ago

Acording to Wikpedia his percentage netted him $400 million. Given the guy was under 30 years old when FB bought Instagram, I'd say all told he's probably quite happy :) Honestly, once you get to almost half a billion net worth, what does it matter if you could have had more.

bigbugbag 10y ago
According to "What are your TRUE chances of getting rich in America? OR How to get rich in America"[1], he made enough to become one the anomaly and become rich outside of the 99% ways of doing so. [1]: http://www.jmooneyham.com/your-true-chances-of-getting-rich-reference.html http://www.jmooneyham.com/your-true-chances-of-getting-rich-...
JumpCrisscross 10y ago
$400 million could be less than $200 million after tax. That's a lot if all you think about is consuming your wealth. But if you're looking to jumpstart something in billionairesville, it's quite different from $2 billion.
- bigbugbag 10y ago
  So what you say is that it depends if you're a decent human being or not. Can you live on $1 million a year with a roof over your head, food on your plate, clean water to drink and some extra comfort such as heat during cold season ? with $200 millions you could give away half of it and live happily on the remaining for a century. With $2 billions, the only difference is that you could give away 95% of it and live happily for a century.

product50 10y ago

Also, when FB acquired Instagram in stock and cash, its own valuation was around $50B. Now it is 8 times that. Also, you have to also account for the synergetic benefits which FB provided to Instagram in terms of getting users quickly started by following and being followed by their fb friends.

bigbugbag 10y ago
> Also, when FB acquired Instagram in stock and cash, its own valuation was around $50B. Now it is 8 times that. An in the not so distant future it will be a few orders of magnitude less. That's how stock market bubbles work, they inflate in a silly manner then burst leaving the rich richer and the others with grains of dust and suicidal tendencies.

bigbugbag 10y ago

Probably not. He's past the point ($75,000 a year) where getting more money makes you happier and maybe even past the point where you're considered rich ($400,000 a year regardless of having a paying job or not).