$10million from $10k. How would you do it?
100 million from 10k. How would you do it?
Start a RE Fund? VC? other? If you could go back to your 20s and take a direct path, how would it be done?
I know this is vague, but I am curious how some of you vets would change how you did it, or how you already did it?
If we knew the answer, we wouldn't be lounging around on this site.
.
Is $10k enough to start a RE fund? If you started a VC fund you'd have to raise significantly more obviously, and the $10k might not even cover startup legal fees for either.
Turning $10k into a fortune is done by people starting their own something. If the hypothetical is literally turning $10k into something more you need to think about it in terms of, "How do I turn this $10k into $15k? How do I turn that into $20k? That into $40k? And so on. Vague - I know. But an inch a day turns into miles over time.
To get more specific: Do you think starting your career with a trajectory of being able to manage your own fund in VC or RE is the best case?
There's a million ways to skin a cat. If you want a career in RE/VC then pursue that, you can definitely make millions. But as M1 said you don't make that kind of $ working for someone else.
I put around that into first co or two. Didn't get 10MM out but I made a couple hundred thousand on it. Then invested that and realized 10x+.
The only way to multiply money like that is entrepreneurship + luck.
You can "sort of" do it on the PE side but you'll be sweaty as fuck and not sitting around "doing deals".
so these were mostly software type companies, not funds. correct?
Not software and anyone with only $10,000 to invest will not be able to raise a fund, especially in this environment.
What were the two companies you invested in? What type of equity % did you get?
look up Kenneth Copeland and L Ron Hubbard.
Ea ipsum dolores commodi similique. Et corrupti rerum repellat dolor temporibus. Totam veniam dolores iure.
Dolorem voluptas ad illo quas molestias fuga. Quia facere dignissimos et quam et impedit non.
Quaerat quod est error laudantium ipsum et. Aspernatur ea error veritatis maiores.
Tempora aut sint sit debitis et molestiae et. Possimus at eius deleniti et. Veniam quas facilis officiis corporis sed. Qui dolore accusamus et molestias. Eum dolorem ut et ratione omnis. Similique nostrum natus aperiam facere a.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...