Life After Google, With Millions

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Scary to think that ground floor Google employees that had stock options are now flush with cash, many (including the company masseuse) have cashed out and are now millionaires.

But as those bank accounts have filled up, many early Googlers have left the company. By some estimates, nearly a third of the first 500 Googlers have departed, and many more of the estimated 2,200 pre-IPO employees are planning an exit as their stock vests. (A Google representative did not respond to a request for comment.)
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Unless my work was REALLY REALLY cool and I was getting payed a lot, I would probably cash out and travel the world.
 
I'd cash out then invest it in other things. Gold, roth IRA's, bonds, etc. Then of course get a part time job doing something trivial with computers. :p
 
I know somebody who cashed out shortly after the IPO. He got about $20M, bought a boat, and is now living in Europe. Of course had he wait until now to cash out it would have been closer to $100M, but who knew.
 
JethroXP said:
I know somebody who cashed out shortly after the IPO. He got about $20M, bought a boat, and is now living in Europe. Of course had he wait until now to cash out it would have been closer to $100M, but who knew.
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Doesn't sound smart.. He should have staggered it a bit... Hope he reinvested some of that $20 million into other things!
 
I dunno, I partnered up with the Kyle back when the [H] didn't even have a ground floor, before Google was big shit, there was no MySpace and no Facebook. None of that stuff. So it is kinda odd to talk about the Google twins being worth $18 billion each. :eek:

Hopefully some day I will cash out my [H] stocks and retire a hundredaire....hell, maybe even a thousandaire....but even then, I'd still do what I am doing now.
 
UrielDagda said:
Doesn't sound smart.. He should have staggered it a bit... Hope he reinvested some of that $20 million into other things!
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You know what they say about hindsight. For all anyone knew back then, the IPO price of $106 was as high as it was going to get. It could have tanked after that, in which case staggering would have netted him far less cash.
 
They are probably want to cash out asap because when the stock is that high, its almost a bad move to leave all your eggs in one basket. I remember reading in a number of different financial books never to invest too much in your own company.
 
Damn. What lucky people. I would be happy enough w/ that $20 mill.
 
What I would do with the millions. I'd take the money out invest in something safe and secure then travel the world a bit. Then find an expensive hobby and be a bum for the rest of my life. Wouldn't even touch the millions. Just live off the interest. Maybe give a little to charity......maybe
 
wtiger said:
What I would do with the millions. I'd take the money out invest in something safe and secure then travel the world a bit. Then find an expensive hobby and be a bum for the rest of my life. Wouldn't even touch the millions. Just live off the interest. Maybe give a little to charity......maybe
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Yeah, just day-dreaming here, even if you put that $20M in a standard bank CD earning 4.65%, you'd be earning $950,000 per year. After taxes you'd be looking at about $630,000 a year to live on, roughly $12,000 per week. Yeah, the average Joe can live pretty damn well on that.
 
JethroXP said:
Yeah, just day-dreaming here, even if you put that $20M in a standard bank CD earning 4.65%, you'd be earning $950,000 per year. After taxes you'd be looking at about $630,000 a year to live on, roughly $12,000 per week. Yeah, the average Joe can live pretty damn well on that.
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Yeah, even if you diversify that a little.. $20 million, heck, $10 million could have anybody living in style for life.. Just makes me cringe when I hear about multimillion dollar lottery winners and rock stars going broke after going through tens of millions of dollars when they could have retired and lived in style if they had used even a minimal amount of brain matter to think about their situations! :eek:
 
^^ Yeah I know what idiots. But I think Google employees would know better than that. Well I hope I don't hear news of "former Google employee now dead beat dad after wasting millions" :p
 
MooCow said:
^^ Yeah I know what idiots. But I think Google employees would know better than that. Well I hope I don't hear news of "former Google employee now dead beat dad after wasting millions" :p
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i wouldn't mind if that was a relative of mind and he gave me some of the money :D
 
Ya its pretty sad when you see the lotto winners go broke after 2-5 years when they win millions, same can be said for people that inherit money. They think spend first invest later, only problem is they never make it to the later part. I think they should make money management courses mandatory for lotto winners!
 
Paul_Johnson said:
2 chicks at once!
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officespacegetyourassty7.jpg
 
Makaveli@BETA said:
Ya its pretty sad when you see the lotto winners go broke after 2-5 years when they win millions, same can be said for people that inherit money. They think spend first invest later, only problem is they never make it to the later part. I think they should make money management courses mandatory for lotto winners!
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Or they could make money management courses mandatory for lotto players. Then they'd never play.
 
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