4 ms·
$30 million is a high bar. If someone's making it in tech, with investors and other stockholders you'd have to have a $100 million+ exit as a founder. There are
by patmcguire 12y ago
$30 million is a high bar. If someone's making it in tech, with investors and other stockholders you'd have to have a $100 million+ exit as a founder. There are more in SV than anywhere else, but still few in an absolute sense.
The other option is that they were somewhat early in something that took off like Google/Facebook, that's still probably not more than a few dozen over the $30 million mark each. So the number makes sense to me at least.
- fasteddie 12y agoI agree its a very high bar, but someone with a relatively lower exit -- say $10m, could hit the $30m mark within 15 years with a 7% annualized return, not to mention getting lucky with a winning seed investment or two.
- hkmurakami 12y agoThe data is from 2013, so by your calculation the person would have had to have made the $10MM in 1998. The stock market has not had 7% returns since then, and you haven't considered the impact of taxes and using part of the gains to fund a higher standard of living. In addition, it was much harder to make $10mm before the .com era.