An Indian-origin entrepreneur, Vinay Hiremath, sold his start-up Loom for a staggering $975 million and got filthy rich overnight. The Palo Alto-based video calling firm had quickly amassed 14 million users with over 200,000 businesses using its services. Its highest valuation touched $1.5 billion in 2023, making the video messaging company extremely lucrative. He then sold his company to Atlassian and personally gained a whopping $975 through the deal.
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Hiremath is now sitting with so much money that he doesn’t know what to do with his life. He revealed in a blog post that he feels he’s in an “un-relatable position” about not having to work again. In a blog titled, “I am rich and I have no idea what to do with my life,” Hiremath wrote, “Life has been a haze this last year.”
“After selling my company, I find myself in the totally un-relatable position of never having to work again. Everything feels like a side quest, but not in an inspiring way. I don’t have the same base desires driving me to make money or gain status.” He added that being rich gave him infinite freedom, yet he doesn’t know what to do anymore. “And, honestly, I’m not the most optimistic about life,” he wrote.
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After Becoming Rich, I Think I’m Mimicking Elon Musk: Vinay Hiremath
The 33-year-old entrepreneur wrote that he tried his hands into robotics in a quest to give computers “arms and legs.” He revealed that after becoming rich, he met with a dozen of robotic experts to bring the idea to life. However, he wrote that he realized one night that he was trying to mimic Space X founder Elon Musk. “It started to dawn on me that what I actually wanted was to look like Elon, and that is incredibly cringe,” he wrote. He added, “It hurts to even type this out.”
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