3 ms·
since it's a brand new user it's probably bullshit, especially when you remember that it's next to impossible to sell a company as a cash only deal. There is al
by vaksel 16y ago
since it's a brand new user it's probably bullshit, especially when you remember that it's next to impossible to sell a company as a cash only deal. There is always an earn out/stock play, to make sure the buying company isn't buying a lemon
- brk 16y agoIt all depends on the company. If he created something that works, has value, and happened to find someone with money who can do the math, this is not unlikely at all. I have first-hand knowledge of several simple cash transactions for business sales like this in the $2M-$10M range.
- starkfist 16y ago> I have first-hand knowledge of several simple cash transactions for business sales like this in the $2M-$10M range. Like what?
- brk 16y agoI don't want to ignore your comment, but these were generally private sales, and the private part implies a certain amount of trust and non-disclosure. I know this probably doesn't do anything to convince you I'm not full of shit, so I apologize for not offering concrete details. If you stop and think about it though, there is a lot more private money out there moving hands than you might think.
- jacquesm 16y agoI don't know. If I had a windfall like that I'd keep it quiet too, or at least not directly associated with my online identity, so if I would ask for advise about it online I'd do it just like the OP did.
- brown9-2 16y agosince it's a brand new user or a regular user who did not want to post under his/her regular username for privacy reasons.