Money makers: Once for the money, twice for the legacy

With a billion dollars already in the bank, entrepreneurs Kyle Vogt and Daniel Kan turned their attention to self-driving cars with Cruise Automation.

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With a billion already in the bank, Cruise Automation is the legacy firm

There are two types of start-up in a tech entrepreneur'scareer, according to thirtysomething billionaires Kyle Vogtand Daniel Kan (pictured centre and left with General Motors' President Dan Ammann). "The first time you start a firm,you want to get rich," Kan tells Fortune's Erin Griffith."The second time... you want to build a legacy." Their moneymaker was Justin.tv, a live-streaming tech firm founded byVogt, which morphed into Twitch, the online video-gamingchannel snapped up by Amazon for $970m in 2014. That lefttheir legacy project, begun in 2013: self-driving tech startupCruise Automation.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

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