Moneywise

$500M and Still Asking "What’s Next?": Peter Wokwicz’s Guide to Curiosity-Driven Success

155 snips
Jan 28, 2025
Peter Wokwicz, a serial entrepreneur who built a $500 million fortune through relentless curiosity, discusses how passion drives his success rather than profit. He reveals his philosophy on embracing risk and ‘failing fast’ to thrive in the fast-paced business landscape. Peter shares how curiosity allows him to innovate and avoid burnout, transforming his wealth into a playground for exploration. He believes pursuing joy over financial gain leads to a more fulfilling life, highlighting the importance of maintaining a childlike sense of wonder.
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ANECDOTE

Early Career Hustle

  • Peter Wokwicz worked at Deloitte, traveling extensively while pursuing side hustles.
  • He prioritized equity over salary, a decision that significantly contributed to his wealth.
ADVICE

Investing with Time

  • Invest time alongside money in startups for increased impact and potential returns.
  • Prioritize velocity and avoid projects exceeding 18 months to prevent boredom and adapt to rapid market changes.
INSIGHT

Many Small Wins

  • Peter Wokwicz's wealth comes from numerous small exits, not one big windfall.
  • His financial savviness and strategic deal structuring played a major role in his success.
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