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Scott sold an internet agency for $15 million in the mid-1990s, then worked at McDonald's for $5.75 an hour. Crane's magazine wanted to profile him as a fallen dot-com CEO, but he chose the reset deliberately.
Scott sold an internet agency for $15 million in the mid-1990s, then worked at McDonald's for $5.75 an hour. Crane's magazine wanted to profile him as a fallen dot-com CEO, but he chose the reset deliberately.
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. And so 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 then 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, Crane's, which is a business publication. They want to do a story on Scott, and he's like, yeah, come and, uh, see what I'm up to now.
They spun it like he was struggling. This dot-com CEO is back working at a McDonald's.
Now 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.
