Vinay Hiremath, co-founder of Loom, made headlines when his startup was acquired by Atlassian for nearly $1 billion in 2023. His share of the deal was estimated between $50 to $70 million, securing his financial future. However, despite his wealth, the 33-year-old is now looking for internships instead of another high-paying job.
Turning Down a $60 Million Bonus
During an interview on the Moneywise podcast, Hiremath revealed that he turned down a $60 million retention bonus that would have vested over four years. “I left 60 on the table. I have no income. Right now, I’m looking for internships,” he shared.
Exploring a New Path
Hiremath went viral earlier this year for admitting in a blog post that he has more money than he knows what to do with. Instead of retiring, he spends his time studying physics for 5-8 hours a day and engaging in online discussions with young engineering enthusiasts.
His next goal? Interning as a mechanical or electrical engineer. He has applied to several robotics startups and hopes to gain hands-on experience in a field completely different from his startup past.
Redefining Success
While most would expect a millionaire to invest in businesses or luxury lifestyles, Hiremath is choosing curiosity over comfort. With no pressure to work for money, he is exploring new passions and learning for the sake of learning. His journey challenges conventional ideas of success, proving that financial security doesn’t always mean the end of personal growth.
