Why we fired our wealth manager and started investing everything ourselves
“I always say when I speak to a variety of strategies, but the after thing is looking back on this, we were just investing in, like, anything.”
We're like, well, we don't wanna just, like, give our money to, like, a wealth manager and just do nothing with our day. What are we gonna do with our day? Why don't we why don't we invest our own money? Which was a great decision in hindsight in the sense that, like, you know, you should learn so much. Right? Like, although there was advisers, investment banks, and even one private equity bed, and, obviously, we had that thing with FatLama where we looked to SPAC business. So we learned a lot about investing in the world of finance, basically. I mean, it helped us study the accounting, but I didn't really know much prior to any of that. So we we did that, and we hired people to run our own money. Right? So that's what we were doing, and we were investing across. I always say when I speak to a variety of strategies, but the after thing is looking back on this, we were just investing in, like, anything. Right?
About this clip
After selling their startups, Chaz and his co-founder decided to manage their own money rather than use a wealth manager. They hired their own team and invested across multiple strategies, admitting in hindsight they were basically investing in anything while learning about finance and accounting on the job.
Why this clip
Shows the unconventional path successful founders take after exits and the learning mindset they bring to new domains.
What they said next
Running a subsidized business model while fundraising is pure stress
27:06 - 20s · founder story
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