6min chapter

My First Million cover image

Business Breakdown Duel & The Story of Nike's Sonny Vaccaro

My First Million

CHAPTER

How to Crush a Tree

Investor: P and L's business is like $8 billion on paper, but they've taken 500 million to get here. They got a brute force their way, but why don't you think this is a good business? Investor: Compared to that FedEx company that does 100 million in sales and dividends out 50 million to the owner, I know which business I would want to own. The one that's divvit anything out like a mega yacht every year to this guy,. "That's sick"

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