After selling his online agency for $15 million in the 1990s, entrepreneur Scott worked at McDonald's for $5.75 an hour. Crain's ran a story framing it as a fall from grace, but Scott saw it differently: a reset and a chance to learn the business from the ground up.
This is the story of a guy named Scott. After he had sold his first company, actually went and worked at McDonald's just to kind of reset.
So basically, he grew up somewhere in the Midwest. In the mid-'90s, he starts, I believe, like one of the world's first online internet agencies. He sells it for around $15 million and he goes and works at McDonald's.
He was making $5.75 an hour times 40 hours a week times 52 weeks a year. That's $11,960 pre-tax.
While he's working at McDonald's, Crain's, a business publication, they want to do a story on Scott and he's like, yeah, come and see what I'm I'm up to now. And it's just the greatest photo I've ever seen.
They spun it like he was struggling. Dot-com CEO is back working at a McDonald's.
And fast forward to today, he sells Meetup.com to WeWork. The price was rumored to be $200 million, but who knows. It's enough that he doesn't have to go and work someplace like this. Turns out he has a job at an Amazon fulfillment center.
