When someone uses “low eight figures,” that means barely eight figures. That means probably something between $14 million and $16 million. That would have been a pretty good outcome for me, since at the time, I owned about 30 percent of the company. Thirty percent of $15 million is a pretty nice return for twelve months of work—particularly when your wife is broadly hinting that it might be time to pull the kids out of private school, sell the house, and move to Montana. But for Reed, it wasn’t enough. He owned the other 70 percent of the company, but he’d also invested $2 million in it. And
...more
