Man Turns Down A Half Billion Dollar Buyout Of His Company To Stay Black Owned

Ghost Utmost

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Think about it

If they are paying $500mm then it's worth

MORE THAN $500MM

SOHH...

If dude keeps the business then he's keeping the more valuable asset

The only reason companies buy other companies is cause the thing they buy is supposed to be worth more than the cash
 

TRFG

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Not a bad way but those numbers a trash. Known start-ups don't cash out till a billion and over. Don't let them give you the 'boy' numbers brother. :ufdup:

I meant there's nothing stopping anyone from doing the same he does
 

TRFG

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I agree my G. But they were under-valuing Bevel since its first round of funding a few years and I was disgusted when I read it then. Its good he held out tbh.

That's what venture capitalist's do try to get as much equity for as little as possible :yeshrug:
 

YourMumsRoom

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That's what venture capitalist's do try to get as much equity for as little as possible :yeshrug:
Yeah I know, but believe me his Series A was noticably low. Look it up, and you''ll see compared to the temperament of the market at the time. What's worse is when you see bullsh!t companies 'bought off paper' for more.
 

FSP

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Like I said breh should've sold

I doubt he wants to sell clippers until he's 75 years old

Take that $500 million and use that wealth to move into other things
Ok, I get what you're saying but, its more to it than that. I mean, I'm sure he's not strapped for cash anyway.

What's that about his wife leaving him? Where she live at so we can tune her azz up?
 

Anerdyblackguy

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Wait, what’s happened here?

Is his company tanking?
Is his wife divorcing him?

Didn’t they get married fairly recently?

What’s going on here?
 

FSP

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Wait, what’s happened here?

Is his company tanking?
Is his wife divorcing him?

Didn’t they get married fairly recently?

What’s going on here?
Nothing. Coli nikkas been waiting to bump this thread once they found something to hate on him for.

Haven't heard about breh recently though :patrice: I'm thinking sales didn't expand like expected...I still think it's good he held on. Gilette had a large share of the company anyway iirc
 
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