Whole Foods Market: John Mackey
How I Built This with Guy Raz
00:00
The Worst Decision Ever Made About Going Public
We sold 34% of the business for an $8.5 million valuation, about eight times our earnings. It was ridiculous the kind of valuations people get today compared to what we could get back in the late 1980s. So it was a little early for whole fees to go public, or so I was told later on. "Venture capitalists are like hitchhikers, hitchhikers with credit cards," he says. 'I didn't trust them'
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