A VC posted: ‘You sold for $100M, what do you buy?’
500+ founders commented about Lambos.
Not one asked: ‘How much do I actually get?’
Here's what actually happens:
Mike Farley sold Tile for $205M in 2021.
$205M exit
-$141M raised (liquidation prefs)
-dilution
-taxes
= $800K/year for 10 years
Meta E6 (Staff Engineer): $800K/year. With weekends.
He built a product millions use daily.
Did everything the VC playbook says.
And barely beat a job.
This is why I stay profitable and own 100%.