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This is not investment advice - but the other personal finance protip I've learned is - don't put a high percentage of your high net worth in the success of you
by mbesto 9y ago
This is not investment advice - but the other personal finance protip I've learned is - don't put a high percentage of your high net worth in the success of your immediate work. This is why you see SV-elite raising rounds (Levchin - Affirm, Moskovitz - Asana, Williams - Medium, etc) and not just using their own capital. It feels very counterintuitive if you're a founder, because you likely made a large portion of your net worth due to investing in your own merits.
- rhombocombus 9y agoThis reminds me of the number one rule I hear from old-money types: never touch the capital.