Related Posts
US Military Inc.
Everyone going office regularly?
Is this a sign that I need to quit
Additional Posts in Startups and Entrepreneurship
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
congrats! I don’t have too much advice but would definitely advise consulting a tax professional if you haven’t done so already
Depending on your area, I can recommend a great wealth manager and tax team that we recommend when my firm handles a venture exit. Feel free to PM.
My husband has had two exits. Sharing his recommendations: 1) find a trusted tax professional 2) hold your money for a year or so until you get a handle on what it means for your life, what you can afford in your new normal and what you want to do next. Too often he sees people squander it (cars, watches, houses) before they really grasp how they can deploy it into investments to create generational wealth, a dream next venture or a lifestyle they’ve been thoughtful about. 3) celebrate with close friends — not distant. You will suddenly inevitably have more “friends” and people asking for you to angel invest (be cautious).
Hey I’m a advisor and know some great CPA’s and tax attorneys that I’m happy to connect you with. Just DM if your interested, no pressure and congrats your up coming exit!
Congratulations! I hope to exit soon, but I don’t think I’ll be walking away with $100mil. I will check in with some financial advisors. My fidelity rep, which is included, and a wealth attorney since I will be selling a lot
Of stock and there is an offshore component
Thanks. I did NOT exit with 100M or anything close to it. But I am happy to be financially independent.
Did you bootstrap it or were fully devoted to it?
You should find a tax professional and a financial advisor in your area, it's definitely a lot and you will need help to figure out how to structure it
No experience in exit but just make sure all the people(accountants. Lawyers, etc.) you hire do not take much through crazy fees and billings. If you are not good with personal finance it is time to learn it very quickly. You would want to have more control on your finances. Start hanging and interviewing the right people who have gone through this and get advice.
I’m Corporate lawyer in the startup/emerging growth companies space in California. Let me know if I can help.
Thanks a lot!! Great advice. I really appreciate it. Curious to know what your husband up to after two exits- professional engagements.
Congrats!!