The CEO of a $2 billion healthcare firm only felt rich after he paid off $100K in student loans-but that joy 'disappeared' in less than 3 days | Fortune
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The CEO of a $2 billion healthcare firm only felt rich after he paid off $100K in student loans-but that joy 'disappeared' in less than 3 days | Fortune
"Serial entrepreneur Sami Inkinen has founded and scaled three different companies-including two unicorns-throughout his 20-year career. While the Virta Health CEO has built wealth thanks to his business success, he isn't concerned with his net worth. In fact, Inkinen only viewed himself as wealthy when he was able to repay the $100,000 of student debt that was burning a hole in his bank account."
"After two and a half years serving as the cofounder and VP of business development, Inkinen sold the organization for a few million dollars, and uprooted his life in Europe to head to the U.S. The Gen X entrepreneur attended Stanford's MBA program, graduating in 2005 with an advanced business degree and $100,000 of student debt. Consulting giant McKinsey floated him a six-figure job offer, flush with a $10,000 signing bonus."
Sami Inkinen founded and scaled three companies, including two unicorns, over a 20-year career and serves as Virta Health CEO. He accumulated wealth but places little emphasis on net worth. He felt wealthy only after repaying $100,000 in student loans. In 2008, three years after cofounding Trulia, he sold secondary shares worth $500,000 pre-tax and used proceeds to eliminate debt and make modest purchases like a costly bicycle and apartment furnishings. He began entrepreneurship in Finland with Matchem in 2000, sold it for a few million, moved to the U.S., and completed an MBA at Stanford in 2005 before continuing entrepreneurial pursuits.
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