2 ms·
They were already making out like bandits. They have near zero capital costs and their company is essentially running itself (im exaggerating, but you get the p
by mbesto 5y ago
They were already making out like bandits. They have near zero capital costs and their company is essentially running itself (im exaggerating, but you get the point). Assuming each of the founders had 33%, it means they are each essentially taking in $100M/year in salary with no end in sight towards that either slowing down or it decreasing. This is a simple math formula for them - cash out $4B now, setup a family office and then never work again or never work again and just bring in $100M/year. They'd get to that exit by ~50 anyway.