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I think you are mostly correct here. My father has been a serial entrepreneur, though without any large payouts. He got screwed in an acquisition, and the next
by lostfounder111 9y ago
I think you are mostly correct here. My father has been a serial entrepreneur, though without any large payouts. He got screwed in an acquisition, and the next enterprise ended in bankruptcy. None were even half as large as our company is now.
I know that until a few years ago, he had basically zero retirement savings -- which is different than having no money to spend. But you are probably correct on all counts.
- Blackstone4 9y agoThat's helpful context. I were to guess, you're dad is probably thinking the company is his and you don't need the money right now because you're young and have a bright future. He can just hold on to the equity until he has retired/cashed out. Then he will pass it so what is there to worry about.... It must be frustrating for you to be in this position. Unfortunately I don't think there is much you can do. The bright side is that you have amazing experience building up a company and I assume from your other comments, no debt. After multiple attempts, your dad finally has a successful company. You have your health which is your most important asset and you are financially stable.