I enjoyed the article, but it was all over the place. It ended rather abruptly too. Props to this guy for jumping on board when he did, and getting out when he did.
yes, the article was a written form of ADHD.
The Boss - First, $99. Then, Millions.
31–36 of 36 posts
Re: The Boss - First, $99. Then, Millions.
#32This 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 lives in Santana Row (also where Blue Lithium used to be located), I saw him while I was visiting my sister a few weeks ago and she and her husband told me has a massive ego as well (they've met him a few times). But I guess given where he came from and what he's accomplished he's earned the right to act however he wants. I personally think being humble gets you much further in life, but that's just me.
"But I guess given where he came from and what he's accomplished he's earned the right to act however he wants."
Why's that? It excuses nothing.
Re: The Boss - First, $99. Then, Millions.
#33Earlier 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.
As a minor was the agreement legally binding?
From the article it sounds like he got his brother to sign, reading slightly between the lines. So his brother would be the one on the hook, legally, if that were the case.
Re: The Boss - First, $99. Then, Millions.
#34Earlier quoted context omitted.
We need a ".ego" TLD.
Looking at where he came from, and where he is now, he's got plenty of reason to flaunt it. He came from the slums, and made tens of millions! (It doesn't mean it's not tacky, but he's got the street cred to say he did it (mostly) by his own skills.)
I haven't been to california in a while. I didn't realize San Jose was the slums now. Things have changed.
Re: The Boss - First, $99. Then, Millions.
#35This 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?
Not entirely true. He could void the contract, but then he'd have to turn over any profits made to the guy he bought the code from (unjust enrichment/quasi-contract).
Just because there isn't a remedy under the contract doesn't mean there isn't a remedy at equity. Usually, the equitable remedy is worse (from the minor's point of view) than the contractual remedy, b/c the equitable remedy is not limited to losses/gains/terms under the contract -- it is limited only by what the court deems is "fair".
Re: The Boss - First, $99. Then, Millions.
#36Earlier 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.
As a minor was the agreement legally binding?
A contract signed by a minor is voidable (can be cancelled without penalty) by the minor, but is not void (legally inoperable as if it never existed).
HOWEVER, if a contract is cancelled, both sides must return anything they received the other side party to the contract.