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Something I've always wondered about, which HN might be the only possible place to get an answer to: Does the "lottery winners' curse" afflict founders of wildl
by cperciva 8y ago
Something I've always wondered about, which HN might be the only possible place to get an answer to: Does the "lottery winners' curse" afflict founders of wildly successful startups? (Say, people who walk away from an acquisition with $10M+ -- on par with "winning the lottery".)
- hanniabu 8y agoThat's an interesting question
- Axsuul 8y agoNot as much because the success of a wildly successful startup happens over a longer period which gives you more time to adjust.
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]
- pawelmurias 8y agoDoubt it, most successful tech startup founders aren't super stupid.
- kd5bjo 8y agoI don’t know about founders, but something similar can happen to highly-paid tech employees. The few years I worked in SV [1] changed my spending habits much more than I expected, and I didn’t realize it until I left and went back to a “normal” life. The experience altered my relationship with money, and not necessarily for the better — expensive things don’t have a mystique anymore, but neither does their price instantly turn me away; it’s hard to tell which effect will dominate in the long run. [1] Where I amassed orders of magnitude less capital than you’re asking about