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Owner of a new start-up or in general, would you pay $2500 to have lunch with a billionaire?

post #1 of 28
Thread Starter 
i had an opportunity at a silent charity auction for $2500 to have lunch with a member of a famous new york billionaire family.
Considering i just literally started a small start-up, did i miss an opportunity here? and if i did how would any of you savvy businessman (fran smile.gif ) take advantage of this lunch, or if anyone has had an experience such as this please share!
I'm starting to feel like i should've gone for it shog[1].gif
post #2 of 28
Not knowing who the billionaire is (make their money from a startup too?) I'm inclined to think you saved yourself some money. Since you say it's a famous billionaire family, sounds more like it was inherited. Don't know what kind of wisdom they could give you.
post #3 of 28
Thread Starter 
loews, a member of the tisch family
post #4 of 28
It might have been a good way to get introduced to the guy, He probably hears pitches all the time, and that would have been a waste. And these types of things are usually just an onerous obligation for the guy, but if you show yourself to be an interesting person (to him) it might have been a good way to get to know the guy socially... maybe. That said, you probably saved your money.
post #5 of 28
Thread Starter 
Quote:
Originally Posted by LA Guy View Post

It might have been a good way to get introduced to the guy, He probably hears pitches all the time, and that would have been a waste. And these types of things are usually just an onerous obligation for the guy, but if you show yourself to be an interesting person (to him) it might have been a good way to get to know the guy socially... maybe. That said, you probably saved your money.

I'm a pretty good people's person, so i think socially he wouldve enjoyed the conversation, i wasnt looking for an investment per se , just maybe get him interested enough to earn me some solid contacts, with his name attached to it.
post #6 of 28
Thread Starter 
also i should note, my start-up is heavily charity oriented so i thought it would definitely strike a chord since hes giving up his time for this charity.
post #7 of 28
What was the exact deal? 2.5k at a venue already selected? Why was he doing this/what charity was this for? Does it align closely with yours?
post #8 of 28
Thread Starter 
Quote:
Originally Posted by Piobaire View Post

What was the exact deal? 2.5k at a venue already selected? Why was he doing this/what charity was this for? Does it align closely with yours?

its a predetermined venue i believe, but not sure on that, the charity was for disabled kids, my company is actually going to be aligning itself with as many charities as possible
post #9 of 28
Huh.. I can't work out why a real billionaire would even want to do this. Ignoring that the power of money, is that it allows you to make more money really fast.... If he was worth $1b and dropped it into a stock standard savings account at 5.25%, which is what my local bank is offering (http://www.commbank.com.au/personal/accounts/savings-accounts/netbank-saver/rates-fees.aspx) He would be making $5,993.15 per hour in interest.

Why would someone like that (who I assume is earning waaaay more than plebian bank savings account rates) be bothered having lunch with someone for $2.5k? $10k seems reasonable.
post #10 of 28
Quote:
Originally Posted by johnaus View Post

Huh.. I can't work out why a real billionaire would even want to do this. Ignoring that the power of money, is that it allows you to make more money really fast.... If he was worth $1b and dropped it into a stock standard savings account at 5.25%, which is what my local bank is offering (http://www.commbank.com.au/personal/accounts/savings-accounts/netbank-saver/rates-fees.aspx) He would be making $5,993.15 per hour in interest.
Why would someone like that (who I assume is earning waaaay more than plebian bank savings account rates) be bothered having lunch with someone for $2.5k? $10k seems reasonable.

Nobody with decent money would dump their billion in a savings account are you actually serious?



As for the lunch, I'd say it's not really worth it. You have lunch and have a slight chance of getting some help, but you could get more press / momentum from a startup competition or getting a blog like TechCrunch or NYTimes tech to talk about your start up. There is a silicon valley startup called Let's Lunch that does something similar. A better deal would be to go to a political lunch / dinner, senator ones don't cost that much and if you want the big guns it's like $35k a plate for Obama. You could network better there and have more opportunities
post #11 of 28
Thread Starter 
Quote:
Originally Posted by johnaus View Post

Huh.. I can't work out why a real billionaire would even want to do this. Ignoring that the power of money, is that it allows you to make more money really fast.... If he was worth $1b and dropped it into a stock standard savings account at 5.25%, which is what my local bank is offering (http://www.commbank.com.au/personal/accounts/savings-accounts/netbank-saver/rates-fees.aspx) He would be making $5,993.15 per hour in interest.
Why would someone like that (who I assume is earning waaaay more than plebian bank savings account rates) be bothered having lunch with someone for $2.5k? $10k seems reasonable.

its for charity!baldy[1].gif
post #12 of 28
Quote:
Originally Posted by eddievddr10 View Post

loews, a member of the tisch family
...
its a predetermined venue i believe, but not sure on that, the charity was for disabled kids, my company is actually going to be aligning itself with as many charities as possible

If you want to speak to a member of the Tisch family, apply for Techstars New York and a lunch meeting with David is part of the application process.
post #13 of 28
Quote:
Originally Posted by eddievddr10 View Post

i had an opportunity at a silent charity auction for $2500 to have lunch with a member of a famous new york billionaire family.
Considering i just literally started a small start-up, did i miss an opportunity here? and if i did how would any of you savvy businessman (fran smile.gif ) take advantage of this lunch, or if anyone has had an experience such as this please share!
I'm starting to feel like i should've gone for it shog[1].gif

Will it be 1 on 1 or ...?

Unless he is self made I would say no with out considering it and if he is self made I would reed up on him and see if he could tell me something, that would relate to me and what I do.
post #14 of 28
you just started a startup, save every penny you can. you are going to need it.
post #15 of 28
Quote:
Originally Posted by eddievddr10 View Post

its for charity!baldy[1].gif

baldy[1].gif
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