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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: 0.21s | 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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1. foobiekr ◴[15 Nov 24 02:29 UTC] No.42143450[source]▶
Depending on how he managed things, possibly tax advantaged; especially if he could take advantage of the Qualified Small Business Stock (QSBS) tax exemption - 100% capital gains with no taxes.