1/ A Redditor who runs in high net worth circles writes on the "gradations of rich".
He explains in minute detail the difference between being worth $10m+ and $1B+.
It' a doozy 🧵
2/ As background: the Redditor says while he's not super rich himself, he counts 8 billionaires as close friends.
He says there are 4 major breaking points of "rich:
3/ At $10m to $30m
◽Fly 1st class
◽Very nice house
◽Live 4/5 star life anywhere
◽ You can surive a financial disaster
◽At lower end, you still have to be "prudent"
◽Business stress remains (never goes away)
◽Banks don't classify you as ultra high net worth
“We’re called Kan Opnr, a smart hardware company disrupting the $10 trillion global food industry.”
We move fast here at TRUNG INDUSTRIES.
Have a Zoom with 10 different Chinese manufacturers this afternoon for Kan Opnr.
Received 8 terms sheets at a $30-50m valuation.
And just paid $28k for 4 logo designs from Fivver
Let me know which y’all want.
Some crowdsourced ideas to make Kan Opnr a unicorn:
◻️ Make a fragile handle that breaks frequently so the customer has to subscribe for a monthly replacement (COAAS, Can-opening-as-a-service)
◻️ Customizable rubber grips (like Apple Watch straps)
◻️ Install Alexa mic