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Havish Gupta
Figuring Out • 6m
I completely agree with Jeff in this. We often just look at people's net worth and think about how much money they made. But we don't consider how much money they made for others. For eg: 1) Sequoia's $12.5 million investment in Google in 1999, and it was worth $4.7 billion during their IPO. 2) Peter Thiel's early investment of $500,000 in Facebook made him a billionaire in a few years. 3) SoftBank invested a total of $10.65 billion in WeWork, and today it is worth... Even you might have bought some company’s shares at some point and made money from it. While your gains would be small compared to what VCs earned, you still profited, right? And that’s exactly why the founders are worth so much—they’re not just making money for themselves but creating wealth for others on a massive scale.
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