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Hollis Johnson / Business Insider
- Jack Abraham, founder and managing partner of the 33-year-old venture capital firm Atomic, and co-founder of Hims, a healthcare start-up, answered Quora's question on the net. is a self-taught entrepreneur who is on the path to becoming a billionaire "By the mid-thirties."
- The answer to the question has since been removed from Quora.
- Abraham said in a statement sent by e-mail to Business Insider that he had originally written the message to help explain the trade-offs that accompany wealth.
- "As a society, we are obsessed with wealth as a cure for all ills, but in my experience, wealth does not lead to happiness and can even negate it in an unintuitive way," said Abraham.
- Visit the Business Insider Home Page for more stories.
A serial entrepreneur who sold a business to eBay and co-founded a men's health care company says he's on his way to becoming a billionaire.
Jack Abraham, founder and managing partner of 33-year-old venture capital firm Atomic, wrote a response to Quora's question asking users about their net worth. He said that he is a millionaire who has earned a few hundred million dollars and that he is about to become a billionaire "by the end of his thirties." He has since deleted his message from Quora.
Atomic Founder Jack AbrahamJack Abraham"For my age, in the" self-made "category, I'm probably between 1 in 1 M or 1 in 10 M (among the 100 to 1,000 most built for my age, maybe even among the least) "said Abraham in the document since deleted. to post. "At the rate of growth in the value of my shares, there is a good chance that I will become a billionaire by the mid-thirties."
The message then turned to the pitfalls of financial success and why happiness is not always correlated with higher net worth.
Through Atomic, Abraham co-founded and founded companies, including HIM (a young men's health firm), which has raised $ 197 million to date, and the cohabitation company Bungalow. Before working at Atomic, Abraham sold a startup to eBay for $ 75 million. Abraham refers to these investments in the post, claiming that he had earned a few hundred million dollars in his early thirties.
Read more: You can explain the 50 billion dollar recovery of eBay with this crazy story
Abraham said in a statement sent by e-mail to Business Insider that he had originally written the message to help explain the trade-offs that accompany wealth.
"As a society, we are obsessed with wealth as a cure for all ills, but in my experience, wealth does not lead to happiness and can even negate it in an unintuitive way," said Abraham. "I wrote the article to share my experience, but it was meant for a small audience and to help anyone who might be considering making compromises on how they choose to live their lives."
Abraham decided to take the job after he started becoming viral.
"I took it as its reach began to increase, because I really prefer to remain discreet and focused, my goal is to create businesses and solve significant problems that impact the lives of people." people, "said Abraham.
Abraham's father was the CEO and co-founder of comScore, and Abraham started working for him when he was a teenager, Nicholas Carlson of Business Insider had already announced. During his studies at the Wharton School of the University of Pennsylvania, Abraham created the online trading company Milo, which he then sold to eBay.
He now says that he has created 14 companies, according to his profile on LinkedIn.
"My father immigrated to the United States to get his doctorate at MIT without a dollar, and we grew up in poverty," said Abraham in Business Insider. "We climbed into the middle class and the upper middle class before my father became an entrepreneur and realized it." I have seen life at all levels of wealth and I think I have a unique perspective on its advantages and disadvantages. "
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