4 ms·
I 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 m
by fasteddie 12y ago
I 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.