PE founder vs Tech founder
These two paths are the pinnacle of both fields. If you had to choose between the two career paths, which would you choose?
Stanford undergrad -> FAANG SWE -> Raise $50M for your tech startup (Sequoia-backed, YC-backed) -> Unicorn founder and billionaire at age 30
Harvard undergrad -> Lehman IB analyst -> HBS -> MF PE associate -> MF PE senior MD -> raise money for your new PE fund -> billionaire at age 50
I’d choose banging ur mum over both
I'm sorry what?
There's maybe 10 people in the world who are PE billionaires all of whom founded MF/UMM firms
You'd probably need to raise $10B+ as a founder to become a billionaire
nah there are def billionaires (unrecorded) that founded MM funds. Changed the post to make it more clear tho
Robert Smith who founded vista is worth $8B through a 50% ownership stake in vista
vista has an aum of $96B and has returned 30% annualized
According to your math smith should be worth well over $100B given 3x returns and 50% carry but that’s clearly not the case
think anout that for a moment before you continue making a fool of yourself
Definitely not true, my former boss was a billionaire and his MM PE manages $2B. Think they've raised cumulative $5B throughout the firm's history.
how could possibly know if your boss was a billionaire? At that point it's extremely difficult to value someone's net worth bc it's locked up in illiquid investments, real estate, art
lol probably 10 billionaires have been created at Blackstone alone. Add up the other megacap and mid-market firms globally and it's at least a hundred or so who have become billionaires in this industry.
What??
not even close—there’s only 2 other firms that are remotely close to bx size and almost all the guys who are pe billionaires made their money back when funds could comfortably hit 3-5x and charge 2/20–that’s no longer the case at all
This is the stupidest fucking post I’ve ever seen
how?
If we are going with the clear end-point you've set of "billionaire by 30" or "billionaire by 50," I think that 20-year difference is too big to ignore. Just a massive difference in terms of compounding, lifestyle, etc.
lol
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