I'm worth $50m and Have No Idea What To Do With My Life
· 54 min · Episode 45
Episode I'm worth $50m and Have No Idea What To Do With My Life
If you're a founder doing at least $3M/year in sales, check out Hampton: https://www.joinhampton.com/.
Vinay Hiremath co-founded Loom and sold it for nearly $1 billion… then walked away from $60 million, gave most of his early money to his parents, and now he’s looking for internships.
Here’s what we talk about:
• How Vinay went from broke stoner to $50–70 million exit • Why he voluntarily left tens of millions on the table—and doesn’t regret it • The emotional crash that came after the deal closed What happens when your ego, identity, and wealth all collide • The moment he paid off his parents’ mortgage—and why it meant more than the money • His portfolio breakdown (hint: half of it’s just sitting in cash) • Why he’s now learning physics and applying for internships in robotics • The surprising amount of money he thinks you actually need to be free
Cool Links:
• Hampton https://www.joinhampton.com/ • Lower Street https://www.lowerstreet.co/ • Vinay’s Blog Post: I’m Rich and Have No Idea What To Do With My Life vinay.sh/i-am-rich-and-have-no-idea-what-to-do-with-my-life • Kubera – Net Worth Tracker https://www.kubera.com/ • Monarch Money https://www.monarchmoney.com/
Chapters:
(00:00) Introduction and Personal Struggles
(06:24) Vinay's Early Life and Education
(08:43) Starting Loom and Early Challenges (12:40) Loom's Growth and Success (17:18) Vinay's Personal Finance Journey (22:25) Reflecting on Wealth and Identity (26:40) The Viral Blog Post (29:15) Overcoming Childhood Challenges (30:10) Selling the Company: Mixed Emotions (32:37) Post-Exit Life: Investments and Strategies (34:49) Embracing Chaos and Self-Discovery (42:41) Financial Habits and Spending (48:00) Pursuing New Passions and Learning (53:21) Calculating Financial Freedom
This podcast is a ridiculous concept: high-net-worth people reveal their personal finances.
Inspired by real conversations happening in the Hampton community.
Your Host: Sam Parr
• Founder of Hampton, a private community for CEOs. • Sold his last company, The Hustle, for tens of millions.
Links in the notes 2
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