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Taking money off the table

zachholman.com

31–40 of 114 posts

Re: Taking money off the table

#31

I believe the complete opposite. If someone is willing to buy your business, no matter the amount, it’s because it’s worth MUCH more than what they’re paying. It’s illogical for them to pay less than its real value. It’s even illogical to think they’d pay exactly what it’s worth. Why would somebody bother buying a company if they were only going to break even?

what if the buyer has something that can add value to the business?

Re: Taking money off the table

#32
post #24

Earlier quoted context omitted.

Why do you feel the need to talk about how people talk? And now you got me doing it lol. It's just something to do. we're all doing it. chill. and now you're stuck cuz if you respond to me, well is it jut an inferiority complex, need to be right?

I think I already provided that context. I dont understand why someone would talk this way because it feels like something that would satisfy the ego of a toddler. And be ingratiating at best to a well-adjusted adult. I would feel similarly if someone pinched my cheeks and said "aw arent you just a wittle cutesy-wootsy." Yet I see it used without any meaning of offense. Is it a need to be special? Do you get this ove…

why do people feel like they need the last word? it feels like something that would satisfy the ego of a toddler.

Re: Taking money off the table

#33
post #30

[flagged]

You’re reading too much into it.

Meaning you dont think it has anything to do with an inferiority complex or need to be special? I would call that more of a loose hypothesis than a firm theory. I am very much wondering why. That's just some speculation.

Re: Taking money off the table

#34
post #29

There's a crucial extra factor that isn't in the original article, but ought to be: Money's ability to buy great experiences decreases as you get older. I've seen this with beach vacations, road trips to see a favorite band, fast cars, ski trips, etc. Seize the moment, friend! What you can do NOW with that 10% slice will never exactly be on your possibilities map again.

I think you're hitting on something that very rarely gets discussed, at least in the US and maybe some other Western societies. I wonder if it's just simple depreciation or compound depreciation (or whatever the opposite of compound interest would be).

Me finding the money to climb Kilimanjaro at 23 is different than me having the money at 40 but worse knees.

Thank you for pointing this out and I hope someone formalizes it more.

Re: Taking money off the table

#36
post #15

Earlier quoted context omitted.

Almost all startups go to zero, meaning every cent what VCs paid for stock, at any price, did not end up being worth more than they paid.

Sure, what I'm getting at is that in your hands, or in the buyer's, the value can go to zero or multiply. If they buy, it's because they assess that the chances of it multiplying are greater than it going to zero. Why sell in that case?

The buyer is not assessing that way. The buyer has a diverse portfolio where they only need 10-20% of their bets to succeed. The math is not in your favor as an employee.

Re: Taking money off the table

#37

Earlier quoted context omitted.

I think I already provided that context. I dont understand why someone would talk this way because it feels like something that would satisfy the ego of a toddler. And be ingratiating at best to a well-adjusted adult. I would feel similarly if someone pinched my cheeks and said "aw arent you just a wittle cutesy-wootsy." Yet I see it used without any meaning of offense. Is it a need to be special? Do you get this ove…

why do people feel like they need the last word? it feels like something that would satisfy the ego of a toddler.

Im responding to his question. Now I'm responding to your question. It's not fair to characterize that as "getting the last word." Don't you think?

Re: Taking money off the table

#38
post #24

Earlier quoted context omitted.

Why do you feel the need to talk about how people talk? And now you got me doing it lol. It's just something to do. we're all doing it. chill. and now you're stuck cuz if you respond to me, well is it jut an inferiority complex, need to be right?

I think I already provided that context. I dont understand why someone would talk this way because it feels like something that would satisfy the ego of a toddler. And be ingratiating at best to a well-adjusted adult. I would feel similarly if someone pinched my cheeks and said "aw arent you just a wittle cutesy-wootsy." Yet I see it used without any meaning of offense. Is it a need to be special? Do you get this ove…

After thinking about it charitably, it seems like you're asking "why are people different?" Are they being different because they want to convey "being different".

Maybe. But also, people are different because people are different. There's variance. Variance in the Universe is a good thing. I'm no physicist so I'm going to get this some degree of wrong but I'm pretty sure variance (of time/space) is pretty much the definition of reality.

The language topic is good too. English does have a ton of words and so it's baked in the language to be flowery, "extra" if you will. Yeah, different languages, also cool.

Re: Taking money off the table

#40
post #29

There's a crucial extra factor that isn't in the original article, but ought to be: Money's ability to buy great experiences decreases as you get older. I've seen this with beach vacations, road trips to see a favorite band, fast cars, ski trips, etc. Seize the moment, friend! What you can do NOW with that 10% slice will never exactly be on your possibilities map again.

This is why I love old tech like my 40 year old car (bmw e30 325is) and analog camera and whatnot. You have way more control because of less external dependencies and simplicity, and the prices are still decent compared to what you'd get now for vastly more money. $70k dogshit unwrenchable SUV or $10k 80's car that works like a dream and is built like a thinkpad? It's so relaxing working with older things. Hearing old peoples stories are wild, like just crossing the border with a 6 pack of beer no passport no nothing and having a good time on the weekend. Now my asshole is getting scanned down to the submillimeter and sitting in a palantir database just so I can go on a vacation.
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