“We turned down a quarter of a billion cash offer… because our bankers said we were about to IPO for half a billion.”

True Wealth: money & business podcast · Billion-dollar founder: 5 rules I use to build businesses that actually scale

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3:26

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What was described

Turned down a $250 million cash acquisition offer because investors expected a $500 million IPO valuation shortly after

$250 million offer; $500 million IPO target

Said nearby on the same subject

“And you turn away a $14.5 million offer and many other offers.”
MM
Matthew McConaughey
Build or Break ·
Why it worked $14.5 million Share this moment
“We raised $50 million on a $750 valuation… we are going to invest heavily in AI… design cycles go down from 12 months to 12 weeks to 12 hours”
♫
Said on TBPN
Why it worked $50 million; $750 million valuation Share this moment
“It's $300 million equity cap ... they'll generate $75 million worth of cash flow over the next year. They've got $100 million of net cash”
♫
Said on Monetary Matters with Jack Farley
Business model $300 M equity cap; $75 M cash flow; $100 M net cash Share this moment
“I paid $735 for it and I settled it at a $7 million valuation. That's because I bought it in October of last year and just settled it now.”
JH
Jack Henderson
Asset Rich with Jack Henderson ·
Hard number $735 k; $7 million valuation Share this moment

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