For Subscribers

Burning Question What was your first big buy after starting your company?

By Nichole L. Torres

Opinions expressed by Entrepreneur contributors are their own.

"My first big purchase was a watch from Tiffany's. Iwas doing a project a few blocks [from] the flagship Tiffany'sin Manhattan. When the scope of our project changed and we knew wehit a home run, I decided to go with the Rolex Oyster, as I lovedscuba diving and it was such a classic."

-Jennifer Carey
Founder of JLC environmental consultants
New York City

"A few weeks before the company's launch, I bought abottle of French champagne. It still rests unopened in my fridge. Iwas so busy, I never had a launch party. When I get around tohaving one, I know what the invitations will say: 'It'sThe (After) Thought.' "

-Amelia Ostroff
Founder of It's The Thought.com,
Online Gift Consultation Service
Seal Beach, California

"[Although the combined value of my companies is close to$500 million], I still live in the same apartment and spend cash onthe same stuff as before. The only thing I really splurged on wasputting my money into starting another company."

-Ric Fulop
Founder of Broadband2wireless (mobile broadband wireless internetprovider), chinook communications (broadband technologymanufacturer) and into networks (provider of software for broadbandcompanies)
Boston


Contact Source

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Buying / Investing in Business

From a $120M Acquisition to a $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Buying / Investing in Business

Big Investors Are Betting on This 'Unlisted' Stock

You can join them as an early-stage investor as this company disrupts a $1.3T market.

Business News

Mark Zuckerberg 'Insisted' Executives Join Him For a MMA Training Session, According to Meta's Ex-President of Global Affairs

Nick Clegg, Meta's former president of global affairs, says in a new book that he once had to get on the mat with a coworker.