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College and University Discussion
Reply to "Any Investment Banking or Private Equity professionals?"
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[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. [b]The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit.[/b] 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] I find this extremely hard to believe and wonder how many people you actually know. People who are truly ambitious and successful rarely quit. Because it's not about the money. It's about the game. I know many people who are very high network (20 M+) who are working into their 70s and upwards. Business owners, real estate investors and hedge fund managers. My husband is a hedge fund manager, for him and everyone he works with, (they are 50+ years) it stopped being about the money a long time ago. I don't know anyone in VC, but the stories are everywhere. Someone sells their tech company and goes on to create one or two more. And yes, I agree with the poster who is a dual PE, there was a very significant impact on our family life. [/quote]
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