EXCLUSIVE: Brian O’Kelley says he’s capped his wealth to $100 million. The tech founder tells Fortune, billionaires are wasteful, out of touch, and “othered” from real life.
To be fair, the article does mention that he’s considering using that as a way to fund his current startup if it ever needs a cash injection, rather than turning straight to more VCs, which is probably good in the long run in terms of reducing how much the company could have to cater toward predatory investors over customers, so I’d consider at least part of his remaining wealth just a means to fund a separate venture from his private life, but still, he probably does have more than enough even after that.
Also, I’d never heard of the Russian Nobleman paradox before, but I looked it up and it seems interesting. Thanks for sharing it.
To be fair, the article does mention that he’s considering using that as a way to fund his current startup if it ever needs a cash injection, rather than turning straight to more VCs, which is probably good in the long run in terms of reducing how much the company could have to cater toward predatory investors over customers, so I’d consider at least part of his remaining wealth just a means to fund a separate venture from his private life, but still, he probably does have more than enough even after that.
Also, I’d never heard of the Russian Nobleman paradox before, but I looked it up and it seems interesting. Thanks for sharing it.