Feel free to correct my math here:
50% share of business after tax take: 6,000,000x0.7 = 4,200,000 Being extremely conservative and investing in LQD: 4,200,000x3.13%/12 ~ $11,000
Would you walk away from a check for $11,000/month forever?
50% share of business after tax take: 6,000,000x0.7 = 4,200,000 Being extremely conservative and investing in LQD: 4,200,000x3.13%/12 ~ $11,000
Would you walk away from a check for $11,000/month forever?
Nope, I wouldn't. Like he said in the article:
First-time founders care most about their exit. Every time after that, you focus on legacy.
(Tellingly, author Alex Turnbull's first business was also acquired, by Constant Contact.)