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Lessons from my first exit

(mtlynch.io)
410 points saeedesmaili | 1 comments | 14 Nov 24 07:32 UTC | HN request time: 0.22s | source
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ffjffsfr ◴[14 Nov 24 12:19 UTC] No.42135513[source]▶
great write up.

> $920k over four years

so this gives an average yearly salary of 230k. Very close to FAANG senior salary with much more risk, effort and (probably) worse life-work balance. OP quit from google in 2018 and ran some other business, and this is his biggest sale so far. I think it shows how hard it is to make better money outside FAANG even when extremely talented and lucky like OP. But it's probably more about lifestyle choices.

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tempworkac ◴[14 Nov 24 12:32 UTC] No.42135591[source]▶
interesting to reconcile this with calls to tax the rich. maybe we should be rewarding such effort after all? think about the tens of thousands of jobs created from people working at Google who'd make L3 or less at Google working twice as much...
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1. Eridrus ◴[14 Nov 24 14:43 UTC] No.42136539[source]▶
There is already a very big tax break for entrepreneurs: QSBS.

You have to stick it out for 5 years (the rollover provisions are not well aligned with SAFEs), but all your capital gains are tax free up to $10m.

Reforming the rollover provisions or making it not a hard cut off would certainly be helpful though.