3min chapter

My First Million cover image

How Suleman Ali Made His First Million - From the Archive

My First Million

CHAPTER

Do You Think You'll Ever See This Money Again?

I had invested in this company called MoPUB, started by this guy Jim Payne. It got acquired by Twitter and that $100,000 turned into a million. I'm going to go put that money into the company and that million dollars is going to be behind the $10 million of debt that we've got from Silicon Valley Bank. And Andreessen Horowitz also says, okay, for every dollar you're putting in, we're going to put in a dollar. So they put a million dollars as well. So now we've got $2 million. You're putting your personal net worth basically into the company in a spot where it's behind all these other debt. My thought was

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode