[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 118 KB, 750x1334, FD84D61C-8ACF-4F6E-8205-CDC3131E5C75.jpg [View same] [iqdb] [saucenao] [google]
54540403 No.54540403 [Reply] [Original]

My best friend from high school comes from old money hollywood (inb4 DA JOOZ, fuck off he’s not Jewish). He’s 27 and lost both his parents and now has an independent net worth of ~$400M-500M.

He wants to start a company. Obviously, throwing $20-40M at an idea is chump change to him and I’m his best friend, so we want to do it together. He’s into video games and media stuff, but other than that we don’t have a clear idea in mind

He has like 5 years until the lump sum trust fund will be all his. So that gives us 5 years to think of an idea. Am I fucked? Is it harder to create a $50M idea or harder to get $50M in funding? I guess it’s nice to have at least one of those covered

>> No.54540548

Find shit you like and buy equity if you can't think of anything. The likelihood that any single venture fails is high.

>> No.54540573

>inb4 JOOS
Iphone poster
Chud poster time wasting thread ignore.

>> No.54540583

>>54540548
Not with him though. Not only does he have near unlimited funding, but he has all his family’s connections too. Yes, it’s a high likelihood that some random person’s venture will fail. But he’s not a random person

>> No.54540594

>>54540403
>10% net worth
>chump change
yeah, good luck with your venture

>> No.54540636

>>54540594
$40-50M is an enormous amount to spend on a seed funding round. But the $2-5M we might need to get off the ground is literally pennies to him

>> No.54540948

>>54540573
Kys faggot

>> No.54541039
File: 41 KB, 750x458, 1651734782362.jpg [View same] [iqdb] [saucenao] [google]
54541039

>>54540403
choose
>product
or
>service
then pick a problem to solve. alternatively, buy a business and run it. perhaps a production company? particularly if he has connections in that area. find projects to bid on in various fields and brainstorm to see if it would be a good idea. start small and scale. don't drop $5m into something immediately.

>> No.54541756

just invest and sit

AI is about to assrape any "idea" you might have