Indian-origin entrepreneur Vinay Hiremath is struggling to find purpose in life after selling his video-communication company, Loom in October last year. Australian software company Atlassian acquired it for roughly $975 million. The 32-year-old, in a blog post, revealed why he gave up $60 million in pay as the chief technical officer of Loom.
"Life has been a haze this last year. After selling my company, I find myself in the totally un-relatable position of never having to work again. Everything feels like a side quest, but not in an inspiring way. I don't have the same base desires driving me to make money or gain status," he said in a blog post titled — "I am rich and I have no idea what to do with my life."
Hiremath added that he struggled to find the same level of desire driving him to make money. Despite having the freedom that comes with such a large sum of money, he has been struggling with ways to spend it and does not feel very 'optimistic' about life.
The US-based businessman mulled over building a robotics company and climbed two Himalayan peaks after selling off his company.
Hiremath also opened up about his insecurities in his personal life after breaking up with his girlfriend – with whom he had spent "two years of unconditional love". He described the breakup as "extremely painful" but clarified that it was the right call.
Apologising to his girlfriend without naming her in the post, he wrote, “If my ex is reading this. Thank you for everything. I am sorry I couldn't be what you needed me to be."
I am rich and have no idea what to do with my life.
January 2, 2025
Where I talk about leaving Loom, giving up $60m, larping as Elon, breaking up with my girlfriend, insecurities, a brief stint at DOGE, and how I'm now in Hawaii self-studying physics.https://t.co/cMgAsXq3StWho Is Vinay Hiremath?
Vinay Hiremath, who describes himself as a big fan of 'capitalism', co-founded Loom, a video messaging tool that helps you get your message across through instantly shareable videos. Loom lets you record your camera, microphone, and desktop screen simultaneously to make video instantly available to share through its patented technology.
Hiremath co-founded the company with Shahed Khan and Joe Thomas in 2015 in San Francisco, California. During his stint at Loom, Hiremath served as the company's chief technical officer.
In his blog post, Hiremath also mentioned working at the newly established Department of Government Efficiency (DOGE) with billionaire Elon Musk and Vivek Ramaswamy. He described the experience as a chance to collaborate with and recruit some of the smartest people he's ever talked to. "It was a blast," he said, reflecting on the excitement of it all.
On his website, Hiremath has mentioned that he is currently self-teaching physics in the jungle.
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