I spoke to a founder tonight who recently sold his business and will walk away with $10+ million in cash post-tax.

He asked me if I had any advice for him.

Here is what I told him:

- Find a good private banker

- Create a rainy day fund as safety net

- Figure out an investment strategy

- Buy one thing he always wanted (watch, car, etc)

- Take one trip somewhere special

- Ask rich people what they would do

This is a big milestone for a young founder who worked hard to create a product that solved a real problem in the world.

It never hurts to enjoy the fruits of your labor before you get back to building the next company.