Successful entrepreneurs often make unsuccessful investors when they sell their companies and become full-time family office chiefs instead, according to a leading family office founder.
"It's humbling," said Michael Hyatt, a software entrepreneur and principal of the Hyatt Family Office.
"You need to fall on your face and realize that if you're a great entrepreneur, you're likely a pretty bad investor.
Hyatt, 48, co-founded and sold two software companies — Dyadem and BlueCat Networks — before launching the Hyatt Family Office in 2017.
While he declined to comment on the size of the Hyatt Family Office, industry experts estimate its current assets at between $400 million to $600 million.
Persons:
Michael Hyatt, Hyatt, I've, Vanguard ETF's
Organizations:
Hyatt Family, BlueCat Networks, Family, Hyatt Family Office, Hyatt, Vanguard, Google, Microsoft, Apple
Locations:
BlueCat, —