Met The $80 million Dollar Man Today

I actually met this dude last week and did some research on him. He has started a couple of very large investment funds in New Zealand. Like $90 mil & $235 mil.

So I guessed he may be worth like $20 mil.

Today I got to talking about how he got started & how to do tech startups.

Basically when he was 25 he sold his first company for $80 mil - a medical software company.

he is one year older than me.

Venture capital was like **** back then. He has 3 degrees in BS like legal history & art history - no business training & no capital of his own.

What he does is find a technology that wont be mature for 5 yrs & is esoteric enough to have no or little competition but large demand.

Then he finds a PHD student that is at the cutting edge of that technology.

He forms a company to develop the technology and he gets a contract with the PHD to patent all aspects of the technology and gives him a 50% cut through the company.

Capital is raised by selling shares in the company to investors.

Then when the time is right sell out - currently he is trying to leverage a potential $ 100 million technology startup.

the dude is not particularly clever or anything and is pretty modest.

I think he thought I was a Neanderthal LOL