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It 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
by brk 16y ago
It 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.