| General > General Technical Chat |
| Linus Sebastion Turned Down $100M Offer |
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| nigelwright7557:
He found a hole in the PC entertainment market and used it to get to the top. Well done. However what goes up can come down so maybe selling while at the top is a good idea. |
| Ed.Kloonk:
I'm not convinced that the deal is so fantastic. It sounds like a lot of cash but it really isn't. |
| thm_w:
:-+ Both him and his wife are highly skilled so even if the company implodes he'll be fine. If anyone near Vancouver wants to meet Rossmann, electroboom, or der8auer, should be at his event July 29th: https://www.ltxexpo.com/creators --- Quote from: Bud on May 25, 2023, 08:30:17 pm --- --- Quote from: mawyatt on May 25, 2023, 03:59:42 pm ---Yep, not everyone aspires to be a Elon Musk, Larry Ellison, or Bill Gates!! --- End quote --- Speaking of which, we are going to the Cinema tonight to watch "Blackberry", about the rise and fall of Research In Motion company, the manufacturer of Blackberry devices. --- End quote --- Start your own thread instead of shitting all over this one. |
| asmi:
--- Quote from: Ed.Kloonk on May 25, 2023, 10:19:09 pm ---I'm not convinced that the deal is so fantastic. It sounds like a lot of cash but it really isn't. --- End quote --- It IS a lot of cash. It is at least an order of magnitude more than what vast majority of people on this planet will earn over their entire life. |
| Ed.Kloonk:
--- Quote from: asmi on May 26, 2023, 02:11:10 pm --- --- Quote from: Ed.Kloonk on May 25, 2023, 10:19:09 pm ---I'm not convinced that the deal is so fantastic. It sounds like a lot of cash but it really isn't. --- End quote --- It IS a lot of cash. It is at least an order of magnitude more than what vast majority of people on this planet will earn over their entire life. --- End quote --- But not Linus' and Yvonne's life. That's a whole different scale by itself, you've made my point for me. These lump sum amounts go fast, especially if you have the mindset that it's an unbelievable amount. Statistics don't lie. When you've come into a lot of money without being born into money, there is a very high risk that it all gets blown within just a few years, statistically speaking. So much so that the phenomenon had caused some lotteries around the world not to award the winnings to you in a lump sum (one of ours does here). I think L & Y have done a smart move. Essentially, make the company pay them a wage, at least until that CEO can teach them how to handle money without being distracted by all the admin of having it. That said, he -could- always let-go the CEO and still attract an even bigger sale in a few years anyway. The company will be better for it. |
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