Comments on: What To Do With Sudden Wealth? http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/ Some thoughts on VC, some on tech, and some on other stuff. Sat, 18 May 2013 11:16:35 +0000 hourly 1 http://wordpress.com/ By: Blaine http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/#comment-4041 Tue, 13 Dec 2011 04:54:28 +0000 http://larrycheng.com/?p=831#comment-4041 Does it make sense to give to charity an amount to lessen the income tax bite that first year?
Or is the exorbitant windfall not considered gross income for tax purposes.

]]> By: From Riches Back To Rags — Jason Anthony Group http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/#comment-4014 Fri, 02 Dec 2011 03:15:14 +0000 http://larrycheng.com/?p=831#comment-4014 [...] but it may be a lot easier than you think.  This article is worth the read.  It was shared by Larry Cheng, founder of the growth equity firm Volition Capital and reprinted here for your convenience.   [...]

]]> By: larrycheng http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/#comment-4013 Fri, 02 Dec 2011 02:01:11 +0000 http://larrycheng.com/?p=831#comment-4013 Jules – If all of my respectful readers did their holiday shopping at Daily Grommet, maybe you will have this problem sooner rather than later!

]]> By: julespieri http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/#comment-4012 Fri, 02 Dec 2011 01:55:32 +0000 http://larrycheng.com/?p=831#comment-4012 Larry, I expected a bunch of “I wish I had this problem!” comments on your post…you have a very respectful readership. But I do wish I had this problem. :)

]]> By: Gordon Bowman (@gordonbowman) http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/#comment-4011 Fri, 02 Dec 2011 00:55:53 +0000 http://larrycheng.com/?p=831#comment-4011 Makes sense. Agreed a year of no spending provides a great buffer. Once the year is up up you will certainly have a lot better of an idea how to put that money to use.

]]> By: larrycheng http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/#comment-4009 Thu, 01 Dec 2011 22:23:21 +0000 http://larrycheng.com/?p=831#comment-4009 Gordon, I think angel investing is a great thing. It’s not that I have an issue with any particular use of proceeds. I just think there’s often a higher benefit of just letting some time pass before making any commitments or expenditures. You can always be an angel investor in a year if that’s what interests you – or perhaps just invest in an angel fund since that’s what they do for a living.

]]> By: Gordon Bowman (@gordonbowman) http://larrycheng.com/2011/12/01/what-to-do-with-sudden-wealth/#comment-4007 Thu, 01 Dec 2011 20:15:20 +0000 http://larrycheng.com/?p=831#comment-4007 Great advice Larry. Definitely an important topic.

Can you expand on why you wouldn’t advise any angel investments? Even a relatively small amount, say 1-2 investments? Seems that it would be a great way to give back and help fellow entrepreneurs.

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