Howard: We bought the banks for roughly two million dollars, whatever they were owed. So we became the bank, and by owning a big piece of the equity and all secure debt,. We bankrupted it in november 19 91 and started all over. Had to lay off 200 people. Moved the company down to l a from mountain view, northern california, and raised some money. relisted the company on the nastac i think at the time he did the bankrupcy, company's valuation was under five million dollars. Was very small. And we had too many shares. The shares were down to maybe under a dollar. so we had to do a
IN THIS EPISODE, YOU’LL LEARN:
03:58 - Business challenges and lessons from Activision, Acclaim Games, and StartEngine.
22:37 - What crowdfunding is and why businesses need it.
22:37 - What are the different types of crowdfunding?
39:20 - What investors should do before diving into crowdfunding.
49:45 - How to raise capital through a platform like StartEngine.
53:24 - How investors in private companies can get their capital back through crowdfunding.
57:46 - What is the secondary market of StartEngine?
01:11:35 - Why access to liquidity is important for private equity investors.
01:30:06 - The insights he learned from Kevin O’Leary of Shark Tank.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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