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It is certainly not true that every wealthy person is entangled in litigation. Your typical not-famous, post-exit startup founder just doesn’t have any reason t
by lacker 7y ago
It is certainly not true that every wealthy person is entangled in litigation. Your typical not-famous, post-exit startup founder just doesn’t have any reason to get sued by anybody.
- ikeboy 7y agoIf they completely retire and just live off interest, sure. If they invest in real estate, other businesses, etc? They're going to be involved. I'm sure there's some exceptions.
- vjeux 7y agoFyi, lacker who commented is the co-founder of Parse which got sold to Facebook and likely is in touch with a lot of founders with similar experience.
- ikeboy 7y agoI've been in touch with lots of business owners who have been involved in litigation, and I'm currently in one myself.
- toast0 7y agoSure, but if you rent out anything, you're going to be in court sooner or later. There's usually some wealth component to having something to rent out, but you don't need Internet Millions to do it.
- ikeboy 7y agoAgreed. Can stick with stocks and REITs to avoid that.