Thu Mar 27 06:27:54 UTC 2025: ## Loom Co-founder Turns Down $60 Million, Seeks Internship

**SAN FRANCISCO, March 26, 2025** – Vinay Hiremath, co-founder of the video messaging platform Loom, which sold to Atlassian for $975 million in 2023, has revealed a surprising post-acquisition path: he’s currently unemployed and actively seeking internships.

Hiremath, who reportedly earned between $50 and $70 million from the sale, turned down a $60 million retention package. He admitted on the Moneywise podcast that he currently has “no income” and is “looking for internships,” a stark contrast to his recent multi-million dollar windfall.

Instead of leveraging his wealth, Hiremath has dedicated himself to studying physics, spending five to eight hours daily on the subject and engaging in online discussions with physics enthusiasts. He now hopes to secure a mechanical engineering internship at a robotics company.

In a January blog post titled “I am rich and I have no idea what to do with my life,” Hiremath detailed his struggle to find purpose after the sale. He described the post-acquisition period as a “haze,” explaining that while financial freedom is undeniable, it hasn’t brought the fulfillment he anticipated. The drive to earn money or achieve status is absent, leaving him feeling adrift.

Hiremath’s candid reflections also extended to Loom’s original mission, which he described as “over-glorified.” He revealed that the platform, at its core, was simply a “f***ing screen recorder hooked up to the cloud,” a stark contrast to the sophisticated marketing narrative surrounding the company’s success. His experience highlights the unexpected challenges that can follow immense financial success and raises questions about the pursuit of purpose beyond material wealth.

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