{"title": "The exit handbook and capital income | Kim Väisänen | Negotiator 48", "titleOriginal": "EXIT-opas ja pääomatulot | Kim Väisänen | Neuvottelija 48", "episodeNumber": "48", "guest": "Kim Väisänen", "publishedAt": "2020-11-25", "duration": "38:47", "durationIso": "PT38M47S", "youtube": "https://www.youtube.com/watch?v=EptpHYmAxro", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/54-exit-opas-ja-paaomatulot-vaisanen-neuvottelija-48", "originalLanguage": "fi", "format": "full", "topics": ["ownership_capital_tax", "ma_exits"], "description": "Kim Väisänen and Sami Miettinen work through how a person actually moves between wealth classes in Finland — and why most imagined shortcuts are not shortcuts. The episode dismantles the myth that income classes are permanent, notes that Finland's poorest postcode is almost always Otaniemi, and works out what the 1:10 ratio between earned and capital income means for the tax debate. Startup investing turns out to be a poor route to wealth, leaving one: building and selling a company, with the five conditions for a good exit and why preparation takes two years rather than two quarters.", "chapters": [{"t": "00:00", "title": "Income classes are not permanent", "seconds": 0}, {"t": "02:34", "title": "Wealth is a function of age, not inheritance", "seconds": 154}, {"t": "05:13", "title": "Finland's only tax-free capital income", "seconds": 313}, {"t": "07:47", "title": "A poor Western country: the Piketty comparison", "seconds": 467}, {"t": "10:17", "title": "Inheritance tax and behavioural change", "seconds": 617}, {"t": "12:51", "title": "The 1:10 ratio and an inverted tax debate", "seconds": 771}, {"t": "15:23", "title": "Why startup investing is not a shortcut", "seconds": 923}, {"t": "17:55", "title": "Portfolio games, fund returns and the index alternative", "seconds": 1075}, {"t": "20:33", "title": "The one real route: build and sell", "seconds": 1233}, {"t": "23:09", "title": "The five conditions for a good exit", "seconds": 1389}, {"t": "25:44", "title": "Multiple bidders, broker fees and two years of preparation", "seconds": 1544}, {"t": "28:14", "title": "Due diligence and the listed buyer's problem", "seconds": 1694}, {"t": "30:47", "title": "Angel investing as a syndicate game", "seconds": 1847}, {"t": "33:18", "title": "Foreign buyers and the headquarters economy", "seconds": 1998}, {"t": "35:55", "title": "Debt is not the problem — growth is", "seconds": 2155}], "sourceTranscriptType": "macwhisper_srt", "subtitleMethod": "none", "provenance": "Owner page assembled from the MacWhisper SRT transcript, YouTube metadata and the neuvottelija.fi episode record. Chapter timecodes are taken from the transcript; no caption files are published with this page.", "slug": "ep48-exit-opas-ja-paaomatulot-kim-vaisanen", "guestsCanonical": ["Kim Väisänen"], "guestPages": ["https://www.neuvottelija.com/podcast/guests/kim-vaisanen/"], "page": "https://www.neuvottelija.com/podcast/episodes/ep48-exit-opas-ja-paaomatulot-kim-vaisanen/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep48-exit-opas-ja-paaomatulot-kim-vaisanen/index.md", "captions": null, "transcript": null}