Moneywise

I Sold for $100M and Now I Spend $1M/Year

256 snips
Mar 11, 2025
Dan Berger, who sold his company Social Tables for $100 million, shares the surprising truth about his unchanged net worth since then. He dives into his biggest financial blunders, like angel investing and a lavish NYC apartment. Berger reflects on the deeper issues founders face after a big exit, including the quest for belonging and personal identity. He discusses living by the 'Die With Zero' philosophy and how early life challenges shaped his journey. Through his insights, he emphasizes the importance of relationships and community for true fulfillment.
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ANECDOTE

Tesla Crash

  • Dan Berger sold Social Tables for $100 million in 2018, netting $20 million.
  • His first purchase was a Tesla Model X, which he crashed shortly after.
INSIGHT

Stagnant Net Worth

  • Despite a $100 million exit, Dan's net worth hasn't increased due to investments and spending.
  • He invested in illiquid assets, a $7.5 million NYC apartment, and NFTs.
ANECDOTE

Buying Belonging

  • Dan tried buying a sense of belonging in Idaho by purchasing a truck, camper, and land.
  • He enjoys owning things but recognizes material possessions don't equate to belonging.
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