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I accidentally helped a friend make $500k/year working 4 hours a month.
He retired at 31.
His business made $559,000 last year.
Here's his story!
Suleman "Suli" Ali
6,323 posts
Suleman "Suli" Ali
@sulemanali
I tweet about Startups & Investing. Startup Founder. Investor in Real Estate, PE, Startups: @deel @superhuman @PostscriptIO @Plangrid & 50+. Let's win win!
- One VC Fund I invested in has a 689x bagger. They invested $200k and turned it into $137,800,000. 🤯🤯🤯 This single investment will 3x the entire fund. VC at its best.
- The story of @relativityspace and their CEO Tim Ellis is insane: - Guy works at Blue Origin , discovers 3D metal printing. tries convincing the company for 9 months to 3D print rockets. Everyone says no - Starts Blue Origin's 3D printing division after getting a meeting with
- My first ever angel investment just exited! Here's how I turned $100,000 into $2,005,741.65. 👇 (All the credit to @sfannan & @marialegre & team, thank you for letting me ride your coattails!).
- Everyone I know has a VC Fund. Miss the days when everyone I knew had a startup.
- Two big misses by Google/Apple/Facebook/Microsoft: 1. Each should have $100b venture funds. 2. One of them should buy Y Combinator for $25b or $50b or $100b. They've infinite cash, are technology companies, should be aggressively investing in innovation outside their org.
- One thing that surprises me over the last 20 years: The 6% commission to sell a house has not been disrupted by the internet. And I don't know why. Why do you think? Zillow, Redfin have had no effect. My favorite part about Opendoor: 1. You can go in and look at an Opendoor
- Startup that blew me away this week: Pipedream. Building a network of underground tubes for delivery of stuff to homes and businesses. Stuff could travel at 200mph inside the tubes - a tube from Palo Alto to SF could deliver goods in 10 minutes. pipedreamlabs.co
- "Now is best time ever to take All Birds private." That was my first thought when I saw it's market cap was $140m, now I'm not so sure. For context, AllBirds was worth $4b at IPO in November 2021. My first thought: In 2023, Allbirds did ~$240m in revenue and lost ~$125m.
- My phone calls with my parents are board meetings. They ask me how each investment/business I'm involved with is doing. Growth is never fast enough. Lots of disappointed looks, requests for more metrics.
- Last year, I helped a dentist friend sell her dental practice for $$$$$. A lot more than what I thought dental practices were worth. To a PE backed roll-up. Now she's rich and living the dream. Now when I go to a dentist, I'm examining their business while they examine my
- The power law dynamic in Venture is hard to comprehend. Here's an example: A VC fund I'm in has invested in 57 startups. 1 startup is going to return more than the other 56 combined. Without this 1 startup, the fund is a 3x fund. With it, it's a 7x fund.
- Met entrepreneur on twitter last year. He texted me last week that he needed some cash for a week. Wired him $200k (no docs, no phone call, no dd, all via text). Wasn't sure what would happen. He wired me $200k back + $10k for doing it today. What should I do with the $10k?
- The highest value lowest cost software in the world is Canva. Am i wrong?
