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Life is never without risks. If he IPO's and takes the "money in his pocket", he could still get wiped out by a bad investment. IMHO that might even be more
by theBobMcCormick 16y ago
Life is never without risks. If he IPO's and takes the "money in his pocket", he could still get wiped out by a bad investment. IMHO that might even be more likely since since most entrepreneurs/small business owners already knows their current line of business quite well, knows the players, the competitive landscape, etc. At the same time, most of these same entrepreneurs/small business owners often know jack shit about investing, so I would think they'd be a lot more likely to make expensive mistakes in investing than they would be on their "home turf".
- rythie 16y agoYour assuming he would reinvest the money rather than just keep it a savings account (or several).
- jaxn 16y agoThe point being that there is always risk, and if you currently have the end result, there isn't much reason to give that up so that you can make a bunch of money and get back to where you started. This is somewhat related to one of the best comments in the FU money thread. If you were happy before the money you will be happy after the money. If you were miserable before the money you will likely be miserable after the money. BTW, that IPO isn't a sure thing either. I would guess that a successful IPO is less likely than a big competitor ruining your business.