Episode description
If you're a founder doing at least $3M/year in sales, check out Hampton: https://www.joinhampton.com/.
Vinay Hiremath co-founded Loom and sold it for nearly $1 billion… then walked away from $60 million, gave most of his early money to his parents, and now he’s looking for internships.
Here’s what we talk about:
- How Vinay went from broke stoner to $50–70 million exit
- Why he voluntarily left tens of millions on the table—and doesn’t regret it
- The emotional crash that came after the deal closed
What happens when your ego, identity, and wealth all collide - The moment he paid off his parents’ mortgage—and why it meant more than the money
- His portfolio breakdown (hint: half of it’s just sitting in cash)
- Why he’s now learning physics and applying for internships in robotics
- The surprising amount of money he thinks you actually need to be free
Cool Links:
- Hampton https://www.joinhampton.com/
- Lower Street https://www.lowerstreet.co/
- Vinay’s Blog Post: I’m Rich and Have No Idea What To Do With My Life vinay.sh/i-am-rich-and-have-no-idea-what-to-do-with-my-life
- Kubera – Net Worth Tracker https://www.kubera.com/
- Monarch Money https://www.monarchmoney.com/
Chapters:
(00:00) Introduction and Personal Struggles
(06:24) Vinay's Early Life and Education
(08:43) Starting Loom and Early Challenges
(12:40) Loom's Growth and Success
(17:18) Vinay's Personal Finance Journey
(22:25) Reflecting on Wealth and Identity
(26:40) The Viral Blog Post
(29:15) Overcoming Childhood Challenges
(30:10) Selling the Company: Mixed Emotions
(32:37) Post-Exit Life: Investments and Strategies
(34:49) Embracing Chaos and Self-Discovery
(42:41) Financial Habits and Spending
(48:00) Pursuing New Passions and Learning
(53:21) Calculating Financial Freedom
This podcast is a ridiculous concept: high-net-worth people reveal their personal finances.
Inspired by real conversations happening in the Hampton community.
Your Host:
Sam Parr
- Founder of Hampton, a private community for CEOs.
- Sold his last company, The Hustle, for tens of millions.