Hacker News Reader

Comment by neom | Hacker News Reader

Recently I was chatting with a friend who has a net worth in and around there (made his money in mining/exploration), he was in a kinda bad mood and I asked what was up... he was supposed to be flying to Italy, but his crew where late putting his USA Yacht away and they hadn't arrived in Italy yet to get his Europe Yacht unpacked and ready to go. I hadn't really considered before... he employs 6 people full-time to travel around the world and deal with his boats. Very different problems from my problems anyway, heh. :)

View on HN

yeah that would be annoying

I have a friend that basically throws the high net worth welcoming party that’s missing from people’s lives

identify a friction and cater to it, this is an underserved field because people are not willing to validate wealthy people’s problems, or specifically invalidate them

I don't understand. Your friend has a catering business that throws parties for wealthy people? Because wealthy people don't get enough parties? Or did you mean metaphorically. In that case, what kind of metaphoric "welcoming parties" are missing from wealthy people's lives?

yeah, not metaphorically, a lot of newly wealthy people are surrounded by resentful people and they spend a lot of cycles hiding it or trying to blend in rather than enjoying it, in comparison to generationally ultra high net worth people that already operate in specific locales and environments

there is no round of applause or red carpet for them, no “wow dude you made it”, and people are fine with that….. until you present them with that specific thing and new circle of socioeconomic equals that also like that specific thing

thats a friction he solves and it is very lucrative

I think you understood fine, its the entertainment and hospitality sector

sounds easier and less expensive than building a music hall or museum

I think I still don’t understand what this service is providing.

It sounds like a debutante ball for the newly-minted ultra wealthy

Linking people up with other people in the same soceoeconomic class with similar interests.

If anyone's being that cagey about the "interests," it can only be one thing...

I thought it was pretty clear to be honest

They organise events and parties for people who have come into or made a lot of money.

The intent of the party is not to celebrate a birthday or occasion, but rather to get introduced to a new social group of similarly wealthy people.

The service would also construct a guest list and so on for you.

So you wouldn’t need to invite your old social circle, who probably now hate you because you are so rich! LOL ;-)

Yes, this sort of thing does sound utterly grotesque to a generation that can’t find a place to live or afford rent!

But here we are, and if there is money to be made from this, then it’s good that someone is making it! :-)

TLDR; we hate it when our friends become successful.

>I think you understood fine, its the entertainment and hospitality sector

I think you should give the questioner the benefit of the doubt,

"I have a friend that basically throws the high net worth welcoming party that’s missing from people’s lives" was a little hard to parse for me too.

Seems like an interesting business though which demonstrates we often don't know what problems are out there in wait of a solution.

Thanks for pointing that out, I hadnt considered that phrase wasn’t conveying a message consistently

That is very interesting!

Thanks for sharing.

I hadn’t really thought about those sorts of social problems and how you solve them!

Well, you need to be in proximity to wealthy people to get that information, and that's why it's under served. There's not really a public clearinghouse of unaddressed wealthy-people-problems to inform this market that I know of.

I believe that these issues were handled by retainers historically. You would employ someone, then that persons children and so on. Thus some knowledge of these problems was built-up over time.

Unfortunately, if wealth inequality continues growing - these will be the most lucrative problems to solve. I'd be quite interested in whether there have been studies of where market forces begin to stop existing.

A good friend of mine built a niche to go into high value homes and test all electronics / internet before the owners arrive.

In addition to cleaners, landscapers, people attending to cars, etc.

He makes quite a good living.

Reply on news.ycombinator.com