Reply to Net worth over $20 million

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know plenty of people in Arlington with a net worth of at least this much and in many cases much more. They live in the normal $2.5m McMansion and drive normal cars. Sometimes their kids go to private schools, and sometimes public. They are just regular people like you and I but they fly first or business class. [/quote]

Curious how you know their net worth? Not once in my life (now late 40s) has anyone save my parents told me their net worth. Nor have I ever told anyone mine. I suppose you can surmise if the company they founded us sold etc , but I can't believe this is something people actually talk about (unless you're a money obsessed d-bag.)[/quote].

Not PP you quoted but if they’re a NEO, it’s right there in the SEC filings. If they’ve ever invested in a company that went public and didn’t use an LLC, it’s in the SEC filings (as an example, lots of DC people made tens of millions - and more - on the recent Circle IPO - same for CAVA).

Founder exits are easy to figure out if you know what to look for, same with any early employees at FAANG or the early OpenAI/NVIDIA employees.

Gets harder when you throw in family $ (a lot of people who make it big via the above also have substantial family $) and other assets like crypto that you can’t tie to someone specifically unless they want you to know. [/quote]

Oh dang! I would have totally invested in CAVA. 😭[/quote]

me too!  I need to figure out how to get notified of upcoming IPOs.  [/quote]

It doesn’t work like that - the people who make millions off of IPOs (who aren’t directly associated w the company as founder/employee/VC/etc) usually invest during the pre-seed/seed/series A. If you invest right before the IPO, a lot of times it’s overpriced, dips immediately after being listed, and you lose $.

Though Circle’s IPO was so underpriced I read even late stage private investors made a killing, but that’s exceptionally rare. [/quote]

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