Moneywise

I'm worth $50m and Have No Idea What To Do With My Life

81 snips
Mar 25, 2025
Vinay Hiremath, co-founder of Loom and now worth nearly $50 million, shares his transformative journey from startup success to personal exploration. He discusses his surprising choice to leave millions on the table and the emotional aftermath of his company’s sale. Vinay reflects on paying off his parents' mortgage and the meaning of wealth beyond money. Now exploring physics and robotics, he reveals the paradox of financial freedom and the search for identity amidst newfound wealth, provoking thought on what it truly means to be free.
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ANECDOTE

Vinay's Story

  • Vinay Hiremath, co-founder of Loom, sold it for nearly $1 billion.
  • He walked away from $60 million, gave some to his parents, and now seeks internships.
ANECDOTE

Loom's Sale

  • Loom sold for $975 million, just shy of the billion-dollar mark.
  • Vinay walked away with tens of millions, enough for his kids' future.
ANECDOTE

Walk Away Money

  • Vinay made tens of millions after taxes, between $50-70 million.
  • He could have made $60 million more, but chose to walk away.
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