ConvertKit founder Nathan raised at a $200 million valuation and owns roughly 90% of the company, worth about $180 million on paper. His annual personal spending is around $200k, meaning he'd need to live for 900 years to spend through his net worth.
Nathan, did you reveal the valuation of your company?
We raised at $200 million.
Let's just say you own 90%, so you're worth $180 million. Do you think that you can ever spend through that?
I would have to radically change my lifestyle.
Is that enough?
Yeah. Oh, that's so much more than enough. I think I spend like $200 grand a year. So if that gives you an idea, if you set aside the things when I'm not buying assets.
That's your burn. That's your actual burn.
It's like $200 grand a year. So yeah, it would take a lot to spend through that.
