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[–] 4 points 1 year ago (1 child)

15% yoy is too generous. S&P has averaged 10% p.a. over the past 100 years.

But yes, compound interest brings the billion target ($20M pocketed @ 10%) down from 40 to 18.8 years.

But remember, the average CEO tenure is about 7.5 years.

Getting to a billion through a salary only is very difficult.

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  • [–] 2 points 1 year ago

    Sooner or later he would have been offered the CEO position of a big health tech start-up, it would have grown for a few years, than either gone public or sold for several billion, and he'd be the Billionaire he was angling to be.

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