A founder sold his company for $990 million but walked away with only $3 million. Heavy dilution from four co-founders and multiple funding rounds left him with almost nothing, even though the exit looked huge on paper.
So I know a guy who sold a company for $990 million. He had 4 co-founders and he raised a ton of money. You know how much he made after the sale? $3 million. That's how much he made. And they sold it. That's insane. And I think that's an extreme case. There's many cases where you create a billion-dollar business and you actually walk away with like 8% of the company, which is still a ton of money. But it's— that's a wild experience.
It's like a small ton.
It's a small ton.
Not as big of a ton as people think you get when you make a company that big.
Yeah.
