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Feel free to correct my math here: 50% share of business after tax take: 6,000,000x0.7 = 4,200,000 Being extremely conservative and investing in LQD: 4,200,000
by oldspiceman 12y ago
Feel free to correct my math here:
50% share of business after tax take: 6,000,000x0.7 = 4,200,000
Being extremely conservative and investing in LQD: 4,200,000x3.13%/12 ~ $11,000
Would you walk away from a check for $11,000/month forever?
- scott_karana 12y ago> Would you walk away from a check for $11,000/month forever? Nope, I wouldn't. Like he said in the article: First-time founders care most about their exit. Every time after that, you focus on legacy. With cash problems forever off the table, it'd be much easier for me to start more businesses... :) (Tellingly, author Alex Turnbull's first business was also acquired, by Constant Contact.)