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

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 25 March 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

Transcript

Click on a timestamp to play from that location

0:00.0	While I left 60 on the table, I have no income right now.
0:06.7	I'm looking for internships.
0:08.8	How much of my very strong emotional reactions are due to me putting so much life on hold?
0:16.7	I've got this buddy named Vinay and he started and sold a company called Loom and made something
0:21.5	like $50 to $70 million while he was still in his early 30s. And he actually could have made
0:27.2	a whole lot more money, around $60 million and additional money had he stayed for an earn out.
0:33.4	But he decided to walk away and he'd leave that extra money on the table. And recently, he kind of had a personal identity crisis.
0:41.3	And he wrote this blog post that was beautifully titled and it went viral and it got my attention.
0:46.3	And the blog post was titled, I am rich and I have no idea what to do with my life.
0:51.1	A perfect blog post to talk about on money wise.
0:53.9	And so I wanted him to come on and talk
0:56.3	about what it was like growing up in a small Midwestern farm town being basically the only brown
1:01.3	kid to being in New York and having a huge budget and unlimited budget being incredibly wealthy
1:06.7	at a very young age. And I wanted him to talk all about that on this episode of Money Wise.
1:12.9	And of course, like every other
1:14.6	Money Wise episode, we're going to break
1:16.6	down all of his numbers, so he's going to be very
1:18.4	transparent about his financials, about the money,
1:20.8	his asset allocation, everything.
1:22.6	And then we're going to dive deep on what it was like
1:24.5	to have this, like, massive change in his
1:26.6	life to make all of this money
	...

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