3 ms·
That is a LOT of money. $100M. That's enough money for ~50 people to live on $100k/year for the rest of their lives. You could pick 50 thinkers, scientists, art
by javajosh 4y ago
That is a LOT of money. $100M. That's enough money for ~50 people to live on $100k/year for the rest of their lives. You could pick 50 thinkers, scientists, artists and say "hey you never have to work again, just do your thing". But instead you invest it in a startup that will almost certainly burn it up in a couple of years of 7 figure salaries for execs and fail.
What a waste.
- AmericanChopper 4y agoYou could always get your own $100M and spend it however you like. Incidentally I have worked at more than one startup that had a burn rate of about $100M/year, and most of it went to engineering and sales salaries. The execs tended to take little to no cash comp.
- YetAnotherNick 4y agoIt's not giving away money. There is clear goal of getting more money back than they gave.
- ndand 4y agoNot for the rest of their lives. 50 people can live on $100k/year for 20 years.
- mrorbitman 4y agoif you assume typical stock market returns, ~$2M is enough to retire on and live on $100k a year of interest gained alone.
- cma 4y agoAssuming you are using recent interest rates. If you mix in recent inflation rates too it doesn't work out in inflation-adjusted dollars like that, though hopefully a lot of that is transitory from covid (or maybe we have something worse than covid in the future).