The amount of capital raised by a fund can determine personal wealth generation for the fund manager, with a $10 million fund potentially not being a significant wealth creator unless highly successful, while a $7 to $10 million total fund can lead to wealth creation through high returns.
The speaker does not believe that their investment will change their life significantly, but he hopes to make a substantial amount of profit in the next decade.
The hustle and hard work required to get a $50 million fund off the ground could be your full-time job as a fund manager; on the other hand, as an investor, you can put a small amount of money into a higher risk asset class without worrying about doing the work.