4 ms·

I think the tip for 40 yr old FIRE is still gold. At 40 I'm mostly bored by work and just want more time for myself. My regret is that I messed up most of my ti

I think the tip for 40 yr old FIRE is still gold. At 40 I'm mostly bored by work and just want more time for myself. My regret is that I messed up most of my time pre 35 so missed tons of chance. But still cherish what I have right now.

lotsofpulp 4y ago
This one? > At Digg, one mentor gave me the savvy advice that the fastest path to financial success was working for four years at three different just-about-to-IPO companies. A surefire way to retire by forty. (This is, for the record, pretty good advice.) I don’t think it has been applicable for many years.
- markus_zhang 4y ago
  I think timing and connections are important. Very difficult to get right. Anyway I'm pretty far from the "core" of the crowd.
- ericmcer 4y ago
  It was super applicable just 3 years ago, anyone who hopped into zoom/snowflake/mongodb had a nice few years.
  - lotsofpulp 4y ago
    I thought for the past decade or more now, the “surefire” way to FIRE was to work at a big publicly traded tech company and keep frivolous expenses low, and a few million by 40 would have been nearly guaranteed (since you are earning a couple hundred thousand or more per year). Marry a similar high earner to make it even more guaranteed.
  - majormajor 4y ago
    Do you have specifics on size of equity grants and timings and levels? There are lots of recent counter-examples; I have a relative who joined Uber shortly before IPO, he didn't get much. The pre-IPO valuation was already high and there were enough employees that grant sizes were not large. Even joining Zoom/Snowflake/Mongo seems like you would've had to time it very well to make sure you got in before the peak and vested in time to sell before the fall. Some other googling of recent tech IPOs shows a lot of drops: HashiCorp, Confluent, Monday.com, Squarespace... do you retire if you join companies like that just before IPO a few times in a row?

lotsofpulp 4y ago

This one? > At Digg, one mentor gave me the savvy advice that the fastest path to financial success was working for four years at three different just-about-to-IPO companies. A surefire way to retire by forty. (This is, for the record, pretty good advice.) I don’t think it has been applicable for many years.

markus_zhang 4y ago
I think timing and connections are important. Very difficult to get right. Anyway I'm pretty far from the "core" of the crowd.
ericmcer 4y ago
It was super applicable just 3 years ago, anyone who hopped into zoom/snowflake/mongodb had a nice few years.
- lotsofpulp 4y ago
  I thought for the past decade or more now, the “surefire” way to FIRE was to work at a big publicly traded tech company and keep frivolous expenses low, and a few million by 40 would have been nearly guaranteed (since you are earning a couple hundred thousand or more per year). Marry a similar high earner to make it even more guaranteed.
- majormajor 4y ago
  Do you have specifics on size of equity grants and timings and levels? There are lots of recent counter-examples; I have a relative who joined Uber shortly before IPO, he didn't get much. The pre-IPO valuation was already high and there were enough employees that grant sizes were not large. Even joining Zoom/Snowflake/Mongo seems like you would've had to time it very well to make sure you got in before the peak and vested in time to sell before the fall. Some other googling of recent tech IPOs shows a lot of drops: HashiCorp, Confluent, Monday.com, Squarespace... do you retire if you join companies like that just before IPO a few times in a row?