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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you sure you want to build this onramp to Adderall and anxiety?  Speaking as a dual PE family, I would not onramp my kid into this.  You know who makes a lot of money? [b]People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.[/b] [/quote]

Nobody who achieves great success has "a life".  The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit.  Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.[/quote]

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.[/quote]

That's missing the point...the PE spouse likely would never be an entrepreneur because they don't have the mindset or attitude.  The vast majority of entrepreneurs fail and don't end up with any net worth, but that's the life they choose.

That's why it's silly to say don't become a BigLaw partner, become a successful entrepreneur instead.  BigLaw partners aren't entrepreneurs...they would fail miserably if they tried.

A Blackstone PE executive has call it a 75%+ chance of achieving UHNW status, while most entrepreneurs have a 5% chance at best.[/quote]

Yes to all of this.  I was so confused by the earlier posts.  Do you realize that PE is attainable if you have the right work ethic and go to the right schools and grind?  Does it occur to you that you can have the right work ethic, go to HYPMS, have a great idea, grind like a maniac, and still, your chances of selling a business that higher than your opportunity cost is miniscule?

- lawyer wife of a HBS grad whose startup sold for peanuts after I funded it for years.[/quote]

Not disagreeing with you either. My PE spouse grinded (lol, ground?) in a profession they dislike so DC don’t have to. We don’t want DC following in parent’s unfulfilling footsteps.[/quote]

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