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Linus Sebastion Turned Down $100M Offer
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EEVblog:

--- Quote from: nctnico on May 25, 2023, 03:09:38 pm ---As Linus is stepping down as CEO, there will be new management so from a functional perspective he should cash in anyway. With 40% in equity, he'd still own a major part of the company, be able to influence how the company is being run AND have money in the bank.
--- End quote ---

He didn't say equity in what exactly did he? Could be equity in the cash equivalent of shares in whatever company bought him out. e.g. he'd own $40M worth of Microsoft shares or whoever.
Why would a company buy it and still give him a 40% stake in the company? Sure you might buy the controlling share, but usually you'd want to buy it all.
EEVblog:
I can tell you likely what would happen if he had sold.
There would be some deal to keep him contracted on as talent for at least a few years. The new owner will absolutely do things that make him angry and miserable and he'll have to suck it up. That's going to suck big time. And the channel slowly dwindles over a few years as new managment have no clue what actually kept it going, they'll milk it like a cash cow until the wheels fall off the billy cart. The viwers will feel like Linus Tech Tips isn't LTT any more and will slowly fade away too even if the ship is run well.
The fallout is that he's still young and he'll be miserable and angry at himself that he sold out. The money won't be any consolation. This was his life and passion.
Might be a very different equation if he was in his 50's or something.
EEVblog:

--- Quote from: nctnico on May 26, 2023, 09:03:47 pm ---
--- Quote from: Bud on May 26, 2023, 07:56:35 pm ---You all forget tax.

--- End quote ---
No. The shares are typically owned by some kind of Ltd which receives the sum of money from which the share holders (the business owner) are being paid a salary. If you setup a limited company, you typically setup 2: one as a financial vehicle (pension fund and so on) and one in which the actual work is done. The financial vehicle owns the shares from the 'worker' limited. Sometimes there is even a third ltd to hold any IP.

--- End quote ---

Here in Australia you pay capital gains tax on the sale of a business unless:
https://business.gov.au/finance/taxation/capital-gains-tax-for-business#:~:text=Small%20business%2015%2Dyear%20exemption,re%20retiring%20or%20permanently%20incapacitated


--- Quote ---Small business 15-year exemption
You won‘t have an assessable capital gain when you sell a business asset if:
 your business has owned the asset for at least 15 continuous years
 you're aged 55 years or over
 you’re retiring or permanently incapacitated
--- End quote ---
JohanH:
His whole channel, the whole concept is based on himself. It's even in the name. There might be some marketing worth in a name and a concept, for a little while, but as soon as people forget about him as a person then it's just a random channel among a million others.

I'm thinking on web sites like Tom's Hardware and AnandTech that were famous and reputable in the past. They were founded by Thomas Pabst and Anand Lal Shimpi, respectively. When they sold their web sites, the names of the sites really don't matter anymore and they are just some random web pages nowadays among a million other. They could change the names of the sites and anyone wouldn't care.

So basically, sell it, retire and live some good days or start something new. If you still enjoy it, no reason to sell. Because when it is sold, it will be run to the ground hard, pressing every penny out of what is left of worth.
nctnico:

--- Quote from: EEVblog on May 27, 2023, 11:11:02 am ---
--- Quote from: nctnico on May 26, 2023, 09:03:47 pm ---
--- Quote from: Bud on May 26, 2023, 07:56:35 pm ---You all forget tax.

--- End quote ---
No. The shares are typically owned by some kind of Ltd which receives the sum of money from which the share holders (the business owner) are being paid a salary. If you setup a limited company, you typically setup 2: one as a financial vehicle (pension fund and so on) and one in which the actual work is done. The financial vehicle owns the shares from the 'worker' limited. Sometimes there is even a third ltd to hold any IP.

--- End quote ---

Here in Australia you pay capital gains tax on the sale of a business unless:
https://business.gov.au/finance/taxation/capital-gains-tax-for-business#:~:text=Small%20business%2015%2Dyear%20exemption,re%20retiring%20or%20permanently%20incapacitated

--- End quote ---
I suppose this only applies if you sell a business as a person. Not as a company.
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