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This was interesting to me since I heard a version told around MLM circles (Herbal Life, Equinox, Amway) that went: "He cashed out all the liquidity of the comp
by at-fates-hands 12y ago
This was interesting to me since I heard a version told around MLM circles (Herbal Life, Equinox, Amway) that went: "He cashed out all the liquidity of the company, hopped a plane and went to Vegas, where he put the entire company on one spin of the roulette wheel."
Of course the story has its embellishments like not telling you who the company is and then at the end they say, "Have you ever heard of a company called FedEx?"
There's a lot of red flags where I heard it like how you just cash out the entire company's "liquidity" without anybody saying anything. Or that he was flat broke, but could still afford a plane ticket.
I guess this how a good urban legend survives though - right?
- gohrt 12y agoAnd now it's being used to pimp YC startups.