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Feb 1, 2023
3:37:16pm
RUNBYU1 All-American
Made $0 on the $150M sale of a company I started because our legal agreement
said I would get a percentage of 'Operating Profit' instead of 'Profit' our second acquisition. In our first acquisition, we sold the company super early to wipe out debts and kept a percentage of the profits, assuming this would pay off especially if we ever sold the company again.
Oddly enough, even after selling our company for $150 million, I didn't even get a thank you card or an additional bonus check from the owner/CEO---and I thought we had a great relationship and typically saw eye to eye. Business and money does odd stuff to people.
You live and you learn I guess.
RUNBYU1
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RUNBYU1
Joined
Aug 27, 2015
Last login
Apr 26, 2024
Total posts
7,271 (32 FO)
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2/1/23 3:17pm

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