Current Net Worth

Let’s start with the important thing.  Here is a simple break-down for where our family’s net worth today.

Cash & Equivalents :

  • Checking – $21,000
  • Saving – $12,700
  • Credit Card – 6,400 
    • Total – $27,300

Investment Accounts

  • 401K – $65,600
  • IRA 1 – $35,800
  • IRA 2 – $5,600
  • Lending Club – $14,800
    • Total – $121,900

Real Estate

  • Primary Residence – $460,000
  • Mortgage – $380,000
    • Total – $80,000

Tech Startup

  • My equity – $4,160,000
  • Tax liability – $990,080 
    • Total – $3,169,920

$3,399,120

As we are soon to experience a liquidity event for the tech startup, I’m including the equity here in the post.  This will allow me to diversify my holdings as clearly a large percentage of my net worth is currently tied up in the company.  This liquidity event pending is one of the main reasons I started this blog.  It will be informative to track a variety of investments I make over-time as the opportunities arise outside of the startup.

Update : The deal closed.  See future posts with more current information (ie this is a snapshot at one moment in time).

7 responses to “Current Net Worth”

  1. […] *NEW* Founder Finances @ $3,399,120 […]

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  2. Xyz from Financial Path Avatar
    Xyz from Financial Path

    Great job on that startup! Lucky guy!!

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    1. Thank you for stopping by!

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  3. Will you be posting anything on the decision to sell? I’m always curious to know as an entrepreneur myself w/ a cash flow positive business. Interest rates are so low that you need a TON of capital to replicate the cash flow.

    For example, let’s say you have 4M in equity. At a 2% risk free rate, that’s just $80,000 a year. But if you have a business generating way more than that, is it wise to sell?

    Sam

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    1. Hi Sam,

      Our business is not cash flow positive. It was still burning cash at the time of exit.

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      1. If you are still cash flow negative, the business could still go broke, or be like Amazon and make billions.

        How are you able to calculate a equity amount? Is it by the sum of the parts? The combined value of all the assets?

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      2. Hi, thanks for the comment. I think you should read the other posts on here to understand my situation. My equity is sold at this point!

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