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Lessons from my first exit

(mtlynch.io)
410 points saeedesmaili | 2 comments | 14 Nov 24 07:32 UTC | HN request time: 0s | 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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throwaway23453 ◴[14 Nov 24 15:42 UTC] No.42137306[source]▶
It's not clear to me if the $920k is including his salary. If he paid himself a good salary, the numbers will look different.
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1. baxtr ◴[14 Nov 24 16:13 UTC] No.42137645[source]▶
It seems like the $920k include all profits. The sale alone yielded $490k in profit.
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2. mtlynch ◴[14 Nov 24 17:29 UTC] No.42138650[source]▶
Correct, I did not draw a salary.