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Just how beautiful?
P&R paid $12.5M (net) for $3.0M of pre-tax earnings. And they financed $9.0M of the $12.5M with a non-interest-bearing seller note "payable from 50% of any Union earnings in excess of $1M."
The deal was so good it gave Warren "goosebumps." https://t.co/k6fSDpeiJ9
Entrepreneurs who sought venture funding usually did not need to invest any more personal money into the venture than they had already spent to bring it to life. But some venture capitalists did demand more. Arthur Rock, the senior dean of American venture capitalists and an early investor in Intel, always insisted whenever his venture firm put mon
... See moreRandall E. Stross • eBoys: The First Inside Account of Venture Capitalists at Work
The central relationship that money crystallizes is between lender and borrower.
Niall Ferguson • The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
under 2,000 pounds and under $2,000”—were
John Doerr • Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Some highlights have been hidden or truncated due to export limits.