If you inherited $1 Million at age 35

Out of context: Reply #45

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  • identity0

    Assuming the 1,000,000 is post-tax.

    Take $100,000 and use that to set up a website that offers seed capital for new start ups. Also use this money to advertise the start-up and live on (sparingly) for 1 year's time.

    Divide the other $900,000 into 18 separate seed ventures - $50,000/venture for an equity stake no less than 20% of the company.

    Of the thousands - if not tens of thousands who enter, pick the 18 that have the best chance of succeeding. Of those 18 of tens of thousands, you'll likely have a good one that's bought out by google, yahoo or facebook. Cash in that 20%.

    • if it doesn't work out - ah well - you can't take it with youidentity
    • Seems a bit complicatedukit
    • Its a good hedging plan. I would keep 500k in other investments.JSK
    • wow, 20% for a $50k investment? Would you like my first-born as well?SteveJobs
    • yesidentity

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