Moneywise

I'm worth $50m and Have No Idea What To Do With My Life


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If you're a founder doing at least $3M/year in sales, check out Hampton: https://www.joinhampton.com/.


Vinay Hiremath co-founded Loom and sold it for nearly $1 billion… then walked away from $60 million, gave most of his early money to his parents, and now he’s looking for internships.

Here’s what we talk about:

  • How Vinay went from broke stoner to $50–70 million exit
  • Why he voluntarily left tens of millions on the table—and doesn’t regret it
  • The emotional crash that came after the deal closed
    What happens when your ego, identity, and wealth all collide
  • The moment he paid off his parents’ mortgage—and why it meant more than the money
  • His portfolio breakdown (hint: half of it’s just sitting in cash)
  • Why he’s now learning physics and applying for internships in robotics
  • The surprising amount of money he thinks you actually need to be free

Cool Links:

  • Hampton https://www.joinhampton.com/
  • Lower Street https://www.lowerstreet.co/
  • Vinay’s Blog Post: I’m Rich and Have No Idea What To Do With My Life vinay.sh/i-am-rich-and-have-no-idea-what-to-do-with-my-life
  • Kubera – Net Worth Tracker https://www.kubera.com/
  • Monarch Money https://www.monarchmoney.com/

Chapters:

(00:00) Introduction and Personal Struggles

(06:24) Vinay's Early Life and Education

(08:43) Starting Loom and Early Challenges
(12:40) Loom's Growth and Success
(17:18) Vinay's Personal Finance Journey
(22:25) Reflecting on Wealth and Identity
(26:40) The Viral Blog Post
(29:15) Overcoming Childhood Challenges
(30:10) Selling the Company: Mixed Emotions
(32:37) Post-Exit Life: Investments and Strategies
(34:49) Embracing Chaos and Self-Discovery
(42:41) Financial Habits and Spending
(48:00) Pursuing New Passions and Learning
(53:21) Calculating Financial Freedom

This podcast is a ridiculous concept: high-net-worth people reveal their personal finances.

Inspired by real conversations happening in the Hampton community.


Your Host:
Sam Parr

  • Founder of Hampton, a private community for CEOs.
  • Sold his last company, The Hustle, for tens of millions.
...more
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