“Glasic you know i think they bought their stake for half of turning point essentially that it was originally i believe all debt which was converted into equity for 11 million dollars back in 2010”
“He bet all the million dollars into a stock of MercadoLibre… went public at $18 per share and quickly rose to around $80… position became worth approximately $4 million.”
Marc Stad · Buyers and Builders · Marc Stad: From $0 to $40 Billion (The Extraordinary Story of Dragoneer's Founder)
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What was described
Invested a $1 million internship capital entirely into MercadoLibre stock, holding through IPO, turning the position into ~$4 million (half profit to him ≈ $2 million)
$1 million invested → $4 million position; half profit ≈ $2 million
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