21–30 of 36 posts
This guy has a huge ego (check out his blog). But taking a 30K risk when you're 16 is pretty impressive, especially considering how poor his family was. EDIT: Not his blog, his site.
He would have been, practically and legally speaking, able to walk away from that deal totally without consequence. Remind me who was taking the risk again?
1- license tech now, pay later 2- ? 3- profit!
Honestly: 30 days? $100K revenue from a new tech venture when you're 16 working in the afternoons and can't code ? Reaaallly? I realize these were crazy times but .. I smell a fish.
This guy has a huge ego (check out his blog). But taking a 30K risk when you're 16 is pretty impressive, especially considering how poor his family was. EDIT: Not his blog, his site.
But taking a 30K risk when you're 16 is pretty impressive, especially considering how poor his family was. He would have been, practically and legally speaking, able to walk away from that deal totally without consequence. Remind me who was taking the risk again?
Otherwise, it's one hell of a deal.
Earlier quoted context omitted.
But taking a 30K risk when you're 16 is pretty impressive, especially considering how poor his family was. He would have been, practically and legally speaking, able to walk away from that deal totally without consequence. Remind me who was taking the risk again?
I was under the impression that he would have to pay in 90 days. Otherwise, it's one hell of a deal.
Earlier quoted context omitted.
It basically summarized his book up in 2 minutes. It leaves out all the details and good information. It's articles like these that do entrepreneurs a dis-service: a) You don't get the nitty gritty important details on how he really did it. You should definitely read his book to find that out btw. b) The focus is on the zeros and commas, making everyone think they can make million on teh internetz easily.
Are the rest of the details in his book? If so, it's acceptable that a ~650-word newspaper account just provide a taste/tease; it's all the medium can do.
Earlier quoted context omitted.
But taking a 30K risk when you're 16 is pretty impressive, especially considering how poor his family was. He would have been, practically and legally speaking, able to walk away from that deal totally without consequence. Remind me who was taking the risk again?
I was under the impression that he would have to pay in 90 days. Otherwise, it's one hell of a deal.
Earlier quoted context omitted.
I was under the impression that he would have to pay in 90 days. Otherwise, it's one hell of a deal.
Technically, yes he would've had to pay. But he had no money and neither did his family. If he didn't pay there was no one and nothing to go after, he'd simply declare bankruptcy.
"Pay me."
"..."
"Pay me or I'll spend several hundred thousand dollars on a lawyer to recover my $30k!"
"..."
"Pay me please?"
"..."
The guy is pretty impressive for a lot of reasons. It's better read in his book/autobiography: http://www.amazon.com/Dream-Learned-Rewards-Entrepreneurship... It's a great insight in his building a business against his parent's wishes (while still a minor), how he managed things, partnerships and legal stuff that went sour, what he did between his first exit and his second company (built a restaurant, invested in sto…
Overall the book isn't on my must read list but I still thought it was pretty good. I
I wonder if there are photographers that specialize in the "I'm a rich douche" headshot. Probably pays pretty well...
While I respected him for doing the show, I remember thinking at the time that he was way too into himself. He'd wear v-neck, designer shirts even though he was supposed to look homeless.
Then he'd cry a lot, and say, "And I normally never cry, but this has gotten me so emotional.." Which means he probably cries all the time to make himself look sensitive.
And he spread out his giveaway, which made the episode boring. Where other millionaires gave $100,000 per person, he'd give multiple people, $10,000.
All around bad episode. Now I'm mad..