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2M for 600k profit was just a very poor offer and your father chose right regardless of what happened next. (Judged by the limited information provided)
by agsamek 14y ago
2M for 600k profit was just a very poor offer and your father chose right regardless of what happened next. (Judged by the limited information provided)
- kansface 14y agoConsidering the company went bankrupt shortly thereafter, the offer actually reflected the actual value of the company. Its hard to know that at the time.
- StavrosK 14y agoThen it didn't reflect the actual value of the company. It was a low offer, and the unpredictable events are just that: unpredictable. The winning lottery ticket still costs $1, because you don't know if it's going to win.
- mesozoic 14y agoExit multiples for steel mills aren't quite the same as for tech companies.