I made it Zig Forums

Some sucker corporation decided to buy my startup and i'm about to walk away with 1-2mm.
I look forward to participating in these big brain threads over the next year.
What should I do with the cash btw?

Attached: 1586532682520.jpg (700x806, 566.07K)

Buy chainlink and give me 30k for giving you this solid advice

Buy chainlink and give me 15k of his 30k for seconding his solid advice

Buy chainlink and give me 7.5k of his 15k for thirding his solid advice

based

buy chainlink and give me 5k each of their 15k for thirding the solid advice

Buy a million rsr before it hits .02 and give me a block of bonds.

Buy chain link and instead don’t give a single link to anyone else, for the advice I gave you.

Sir I already gave my third advice, get in line please

Two girls at the same time

What was this startup?
Can you give us a bit of detail and background?
If possible

ah rats

video streaming technology in real-time

did you just respond without giving me my 30k you fucking homo?

be patient nigger, i'll send you GHOST in a few months

BZRX

was 12c yesterday and 30c today

CEO says big integration news surprise is coming

bizlets saying it can hit $1 within a week and i believe them

So like it was just a registered company Llc or you provided services for few weeks?

Buy Fantom and Chainlink and just stake comfy

yeah whole delaware c-corp n shit. i was originally gonna make a sports betting streaming related service but ended up becoming completely disinterested in sports so I decided to sell it instead.
like 3 years ago when I started, all video streaming services had a delay of like 30-60 seconds. most websites have been able to cut it down to 5-10 seconds but real-time streaming (under 1 second) is ideal for sports betting related shit

How many hours didnyou spend on the startup

That’s good.
So your company became pretty known then.
Why you sold though? Other companies got to your tech level and made competition?

it sucked, I mean it was pretty much all I did for 3 years straight. 12-14 hours per day, 7 days a week

How much were you making?
Considering you stuck it out for so long with such working hours, you must've at least been making bank.

>So your company became pretty known then.
no, not at all. nobody knows us. developing the technology was way harder than expected and there's a difference between getting new technology to work and getting it to work at scale. making it work for 100,000 viewers is way harder than just a private 1 person viewer test.
selling a startup with no revenue is tough but luckily the technology was in demand.
literally zero dollars. I lived like a total peasant and had to beg my parents to cover my rent. Ended up giving them equity in return. There was nothing glamorous about it

Tha k you for making a thread significantly more interesting than the digital currency token threads. You start up story sounds like something alot of us can learn alot more from than the rest of what's happening here on Zig Forums atm.

Damn dude. I'm planning on starting my own thing toward the end of the year. Glad to hear it paid off for you!

That being said, most of this board is all about crypto. Sounds like since you're in the position where you're wanting to protect your newfound fortune you might want to invest the "old fashioned" way

no problemo, I will make a thread on startup related advice sometime in the future. pitching in front of investors is a total thrill. living like a peasant isn't so bad as long as you're obsessed with what you're building.
thanks. nah, i'm not a boomer, the old fashioned way is for suckers.
here's what i'm thinking
>200k in land (full purchase, no mortgage. mainly for hunting)
>75k car (learning towards porsche)
>25% crypto
>25% gold, guns, and ammo
>25% discretionary
>remainder cash
what do you think?

I'm sitting on 500k from selling a biz, nothing is attractive right now, except maybe some commodities. Spend at least 10k getting some tax advice, probably your best bang for the buck. There's some tax reduction strategies that should be worth it for you. High yield savings account for short term, put 50% into vanguard retirement date funds, scale in during next dip which should be big whenever it comes. Maybe look to acquire a distressed b&m business. Put another 25% in crypto, heavy on btc (again buy the dip). Some physical gold, silver and Plat 10%. Then keep 15% cash to spend on distressed real estate. Unless you're ready to retire off this I wouldn't blow much, I have a feeling we're getting close to the buying opportunity of a century (for almost all assets) in the next few years, you want cash ready to spend on them.

nice

ok so your strategy sorta aligns with what i'm thinking

>literally zero dollars
Wow sounds like you're ripping them off lol
>there's a difference between getting new technology to work and getting it to work at scale
And it doesn't even sound like your tech, which they are supposedly buying, scales properly too.

Well, 1-2MM is peanuts for such corporations anyway, so... based.

That would be a thread I would like to read. I'm gearing up towards starting a business myself so I could use all the tips you have! Thanks!
Good luck with everything on your plate at the moment.

the tech works great but I had only 100k total users and no revenue. it's tough to sell a startup with zero revenue

Anyway, I'm in a similar scenario (700k+ from a niche I was able to capitalize on, but it's now dying, barely breaking $2k a month now).

I just went all in bitcoin.

Now I'm just gambling that there will be another bullrun. Even a simple x10 is good enough for me.

honestly all the Y-combinator (particularly Sam Altman) and Paul Graham stuff is great for advice. Peter Thiel is required reading. Reading about Hitler unironically helped a lot too lol. The greatest startup founder of all time.
what type of biz? software?

>Now I'm just gambling that there will be another bullrun
it's entirely possible, it seems like fiat has run its course.

Yeah, and hedges a decent amount too. I honestly think buying a business you can make profitable is your best ROI, but also the riskiest. Percent allocation is personal preference and risk tolerance. I would keep a few hundred grand liquid for some "deals of a lifetime" buys.

>I honestly think buying a business you can make profitable
like what? what are you thinking?

I'll write those names down. Already reading Hitler. I'm going to welding school at the moment and plan on teaming up with my cousin who's a master wood worker to make custom furniture and what not. I Don't expect it to take me to financial "made it status" but I'll enjoy it more than my current job. Hence why I'm here investing pocket change in crypto.

Wow actually sounds realistic. All my business ideas are too expensive to even get there especially with little knowledge of even making the product (could make a prototype that'd be very rough but that would require sinking in probably $2k on something I may not stick with).

I'll stick with making my video game. Congrats on getting rich.