In the startup world, there’s usually time between buyout discussions and the money hitting your bank account. At the very least, you have a few days to mull over what you’ll do with your new-found wealth.
How do people react when they realize they’re about to be rich?
Here’s what three startup executives did when they found out their companies were about to sell for big bucks.
OMGPOP founder Charles Forman wandered into traffic.
Last year OMGPOP founder Charles Forman had $1,700 in his bank account, and he was working on a new venture, PictureLife. He had left the gaming company he founded, and he wasn’t expecting it to get acquired.
When his friend, OMGPOP CEO Dan Porter, invited him to New York for an “emergency trip,” Forman half-assumed it was to celebrate his 32nd birthday. Instead, it was to celebrate Zynga buying OMGPOP for ~ $200 million. Forman was in such disbelief, he nearly got himself killed crossing the street.
“I walked across the street, and all I heard was ‘honk,’ ” he told The New York Times. “It was surreal…I had $1,700 in my bank account yesterday, and now I have a whole lot more.”
Forman is still figuring out what to do with his fortune, but when we spoke to him after the sale, he said he wanted to “redistribute the karma” and invest in early-stage startups.
Recommended for you: