2min chapter

People I (Mostly) Admire cover image

80. Get Your Share of the Pie

People I (Mostly) Admire

CHAPTER

You Should Have Done Your Financing Differently, Right?

So you gave away the business with the option to buy it back if it was successful. So at the end of the day, in a big success, for a million dollars, you raised a million, right? Your first raise was a million. It's a million. And in the end, the shear price went from one dollar to 23 dollars. So people got back 23 times their money. How much of the company did you own back in the successful world? We went from owning zero of the company to a little over forty % of the company by the time we had been successful.

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