One point is that the Hampton Survey was a survey of their members (~270 at last count) who are founders with over $1mm in ARR. The respondents are strongly biased toward tech.
Not really, it’s two different games. Africa is about consolidating power and getting control of natural resources to sell to other countries - Machiavellian power struggle.
US is about leveraging existing technology and brilliant people to create new technology - technological struggle.
Bit surprised at the spending numbers. In LA an average house now costs $3M so on a 7% mortgage that's like $16k in monthly spend alone just on mortgage
There is probably strong survey bias in there. Take you and your kids overseas for a week at the Aman, Langham, Mandarin Oriental, etc. and you'll blow that number out of the water. Though, even if you do, that's not something most people are going to do 5 times a year.
I shared this with my oldest daughter. It was inspiring to hear her talk this morning about how she wants to learn how to earn and add to, not spend, our family's wealth.
Burning the midnight oil. Appreciate you finally turning off the light in your tent so the rest of us can sleep.
Great post.
One point is that the Hampton Survey was a survey of their members (~270 at last count) who are founders with over $1mm in ARR. The respondents are strongly biased toward tech.
Getting to HNW in Africa is hard. Anyone that can make it there should be a UHNWI in the US
Not really, it’s two different games. Africa is about consolidating power and getting control of natural resources to sell to other countries - Machiavellian power struggle.
US is about leveraging existing technology and brilliant people to create new technology - technological struggle.
Bit surprised at the spending numbers. In LA an average house now costs $3M so on a 7% mortgage that's like $16k in monthly spend alone just on mortgage
There is probably strong survey bias in there. Take you and your kids overseas for a week at the Aman, Langham, Mandarin Oriental, etc. and you'll blow that number out of the water. Though, even if you do, that's not something most people are going to do 5 times a year.
I shared this with my oldest daughter. It was inspiring to hear her talk this morning about how she wants to learn how to earn and add to, not spend, our family's wealth.
Shhhhh Please delete australia from top of list ser and change to redacted
How did you get over the fear of failure in your life?
By failing 100s of times. Then you experienced it all and just laugh.
Remember you only need to win once to be set.
This