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The SpaceX IPO will mint hundreds of new centimillionaires overnight. Business Insider asked what they should do next. Michael Cole, co-founder of R360, had a simple answer: slow down to speed up.
The instinct after a liquidity event is to act.
To sell. To spend. To decide.
But the moment you become known as a centimillionaire, everyone comes at you. The world moves fast. The stakes are high. And the decisions made in the first six months often define the decades that follow.
The families who get it right are not the ones who move fastest. They are the ones who pause, who diversify out of a concentrated position, who take time to understand their taxes, their risk, and what they actually want their life to look like.
That perspective only comes from being around people who have already been through it. That is what R360 is built for.