| General > General Technical Chat |
| Linus Sebastion Turned Down $100M Offer |
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| langwadt:
--- Quote from: nctnico on May 28, 2023, 08:53:01 pm --- --- Quote from: PlainName on May 28, 2023, 07:02:03 pm --- --- Quote from: EEVblog on May 27, 2023, 10:53:06 am ---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. --- End quote --- I think you answered that yourself in your very next post: --- Quote ---There would be some deal to keep him contracted on as talent for at least a few years. --- End quote --- Make his remuneration dependent on the company future. --- End quote --- IMHO wrong on both accounts. Paying in equity is like printing your own money. Say your company is worth 1 billion at this moment. 40 million in equity is 4% of the shares you can use to pay a takeover without needing any cash. --- End quote --- https://youtube.com/shorts/igENXZRECOs ;) |
| EEVblog:
I think the new lab is a really great idea (albeit they are spending a metric crapload on it), and branching into testing consumer stuff that requires very specific test gear and setups. |
| EEVblog:
--- Quote from: PlainName on May 28, 2023, 07:02:03 pm --- --- Quote from: EEVblog on May 27, 2023, 10:53:06 am ---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. --- End quote --- I think you answered that yourself in your very next post: --- Quote ---There would be some deal to keep him contracted on as talent for at least a few years. --- End quote --- Make his remuneration dependent on the company future. --- End quote --- Only a fool would sell their business and enter into that golden handcuff slave agreement. Either you take the big money and wipe your hands of it and go onto something else, or you keep control of it yourself. |
| coppercone2:
if you wanna work after selling your business do some community service/outreach. I think you will find that much more satisfying. |
| VK3DRB:
There is more to life than money. Few people equate success beyond money and power. In the area where I live, many people equate success to making money and flaunt it and it helps them save face. "To Be Rich is Glorious" is their mantra. Success should be much simpler: Achieving a goal. Whether it be laying out a circuit board and having it work, getting rid of the mortgage, or finding a wife. I have a mate who got divorced and his wife took everything, leaving him with a car and $3,000 to his name after 20 years as a good electronics engineer. He later went on dates with various women he met on the internet. He discovered as soon as they find out he has no money, they run a mile. This might represent the type of women found on the internet who seem to be gold diggers. I suggested he join a church, hobby club or community organisation, instead of using the internet. Another ex-manager of mine married a Russian me met on the internet. She took everything from him... about $1 million in total. The love of money is not the root of all evil. but it is the root of all kinds of evil. Those who look beyond money deserve respect. |
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