Is $40m valuation company different than a $40 company ten years ago? Given inflation, I think it would have to be.
The argument has been going around that $1m is no longer "F-you money" anymore, that is, it's not enough to make a person set for life. $1m dollars good for either 15 years of a middle class life style or money for investment and work hard to keep making money for you.
I think that makes cashing out at $40m different than ten years ago, though I'm far away enough from that I couldn't say exactly how different. Of course, it also depends on how many people cash out.
-- Your "riding a wave" comment is awesome though...
Is $40m valuation company different than a $40 company ten years ago? Given inflation, I think it would have to be.
The argument has been going around that $1m is no longer "F-you money" anymore, that is, it's not enough to make a person set for life. $1m dollars good for either 15 years of a middle class life style or money for investment and work hard to keep making money for you.
I think that makes cashing out at $40m different than ten years ago, though I'm far away enough from that I couldn't say exactly how different. Of course, it also depends on how many people cash out.
-- Your "riding a wave" comment is awesome though...