‘No income now, looking for internships’: The post-exit story of Loom co-founder Vinay Hiremath, who studies physics 5-8 hours daily

Loom co-founder Vinay Hiremath bought his startup to Atlassian for almost $1 billion in 2023 and pocketed $50-$70 million personally. Regardless of this monetary windfall, Hiremath experiences having “no income proper now” and is actively “looking for internships.” His choice to show down a $60 million retention bonus from Atlassian underscores his quest for private progress over monetary achieve. 

At the moment, Hiremath spends important time “finding out physics 5-8 hours daily” and engages with youthful friends in Discord teams. The shift to tutorial pursuits displays his uncertainty in regards to the future, as articulated in his weblog put up: “Life has been a haze this final 12 months. After promoting my firm, I discover myself within the completely un-relatable place of by no means having to work once more. Every part seems like a facet quest, however not in an inspiring manner. I’ve infinite freedom, but I don’t know what to do with it, and, truthfully, I’m not probably the most optimistic about life.” 

Hiremath’s search for goal extends to potential internships in engineering. “I’m probably, hopefully – knock on wooden – interviewing at a number of totally different startups right here, like a pair of robotics firms, to principally intern as a mechanical engineer,” he stated on Moneywise podcast. He additionally expressed curiosity in exploring electrical engineering. This transfer signifies a shift from company management to a extra hands-on technical position. 

Regardless of his wealth, Hiremath turned down a profitable retention provide, citing his disinterest in staying on the buying firm. He described his interior battle vividly: “Final March, I had no thought what to do with my life. I knew that staying on the buying firm was not for me for the massive firm causes you may suspect.” 

Hiremath briefly thought-about entrepreneurship in robotics, impressed by figures like Elon Musk. Nevertheless, he shortly realised his motivations have been misplaced, noting, “It began to daybreak on me that what I really needed was to appear like Elon, and that’s extremely cringe.” His experiences engaged on a cryptocurrency undertaking with Musk additional solidified his understanding of enterprise urgency. 

At the moment, Hiremath prioritises studying over launching one other startup. His assertion, “After which I need to intern as {an electrical} engineer. I actually do not know what I’ll do with this,” highlights his dedication to exploration and training quite than speedy entrepreneurship.