Update: Acquisition Caps Off Public-IPO Plans; Personal Net Worth Exceeds $70M
A year ago, I shared a liquidity event that allowed me to diversify out of private company equity and pursue financial independence, even though a significant portion of equity remained on the table. We were aiming for an IPO next year, but an unsolicited bid arrived, and after an exceptionally rapid due diligence and bidding process, the company was sold. The outcome delivered a top-quartile multiple, likely higher than what an IPO would have yielded, with no lock-up or rollover requirements. As a result, I am now fully liquid. Our net worth sits around $75M (approximately $72M liquid, $4M in real estate, $1.5M mortgage), though anticipated taxes will reduce this figure to around $60M.
This transition feels surreal. It has been a long journey that has far surpassed my initial expectations for the company. I plan to stay with the organization for a period, but I’m also beginning to think seriously about my next steps.
Since my last update, not much has changed in terms of investments or spending. We paid off the higher-interest debt, but otherwise allocated most of the proceeds conservatively, primarily through dollar-cost averaging into broad-market index funds (VXUS and VTI). I’m still weighing acquiring a new car, but after the initial euphoria of the transaction faded, my urgency diminished.
Currently, a considerable portion of my time is devoted to estate planning — asset location strategy, selecting a banking partner (I’m leaning toward Fidelity Private Wealth), tax planning, estate exemptions, and 529s, among other considerations. We’ve upgraded our CPA and estate attorney, and the overall process has been intensive, yet I view it as a necessary and positive step.
I don’t have much more to share beyond this; I’m simply excited and wanted to communicate the update with this community. I’m happy to answer questions that help preserve anonymity.
