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A founder sold his company for $120 million after his father ran it for 30 years and he ran it for 10 more. The lesson: success comes from staying invested and building over decades, not timing markets or chasing quick wins.
A founder sold his company for $120 million after his father ran it for 30 years and he ran it for 10 more. The lesson: success comes from staying invested and building over decades, not timing markets or chasing quick wins.
So I was having boba with a founder friend. We were just talking about one of his buddies that sold to a tech company for about $120 million. And so we were talking about it a little more and diving into the timeline of his business. And it turns out that this person took over the entire business from his father, and his father had been in the industry for about 30 years. The son took over the business, ran it for about, let's call it 10 years or so. And so you basically have a 40-year timeline that allowed for this level of an exit. At the end of the day, when you think about investing, you think about business in general, It's not so much about timing the market, it's more so time in the market. And you continue to build, you ride the ups, you ride the downs, and you keep pushing.
