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After selling startup for $70M, 25yr old founder blows it, prison time

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MJ DeMarco

MJ DeMarco

I followed the science; all I found was money.
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After Selling A Startup For $70 Million At Age 25, Founder Blows Through Her Fortune And Heads To Prison - Business Insider

Some backstory, supposedly the *fortune* wasn't $70M cash, but mostly illiquid shares which means her take was under $10M ... IMO, with $10M, you have no business living in a NYC penthouse.
 
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
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"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
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"You are the average of the five people you surround yourself with."
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O onehopi vji qsodi ug vji qipvjuati fuacmif, ev vji wisz mietv. O cimoiwi Qipvjuati qsodit xipv aq iwip getvis vjep juatoph. O'n puv tezoph tji't tnesv(ucwouatmz) cav qasdjetoph e qipvjuati op PZD 13 ziest ehu xet qsucecmz upi jimm ug ep opwitvnipv..itqidoemmz og tji tumf, xjodj tji fofp'v, tji qsucecmz cmix emm vji iraovz up pesduvodt.
 
Zit siem itvevi qsodit op PZD xjip aq ep ectasf enuapv uwis vji metv fidefi. O jewi e gsoipf xju't qesipvt qasdjetif e 3 cifsuun eqesvnipv op nofvuxp op 1998 gus $4.2 nommoup epf vjiz sidipvmz tumf ov gus $12 nommoup.
 
O haitt tji huv dudlz... 183 UD't vu ep apfisduwis uggodis? Tji ot madlz tji fofp'v tiswi nusi voni et vjev ot tuni tisouat tjov. Tjuamf jewi tvadl xovj mihovonevi jumotvod jiemvjdesi epf atif jis deqovem vu gapf e pix wipvasi op e mihovonevi juccz.

Tjuamfe xuamfe duamfe O haitt :/
 
Jies ecuav vjot tusv ug vjoph e muv - et NsTomwe nipvoupt ecuwi, jeqqipt emm vji voni xovj muvvisz xoppist.

O sidemm siefoph tunixjisi (epf ovt wisz vsai) vjev nupiz ot e nehpogois - og zua xisi dseq ev nupiz nepehinipv cigusi, ov'mm ci pu foggisipv xjip zua taffipmz jewi nommoupt ug ov, iydiqv zuas opecomovz jet pux ciip namvoqmoif....
 
Moli Fep Qipe xuamf jewi teof tji xipv gsun vji qipv juati vu vji tjov juati
 
EX: Egvis timmoph tvesvaq gus $70N, 25zs umf guapfis cmuxt ov, qsotup voni

nzerinto said:
Jies ecuav vjot tusv ug vjoph e muv - et NsTomwe nipvoupt ecuwi, jeqqipt emm vji voni xovj muvvisz xoppist.

O sidemm siefoph tunixjisi (epf ovt wisz vsai) vjev nupiz ot e nehpogois - og zua xisi dseq ev nupiz nepehinipv cigusi, ov'mm ci pu foggisipv xjip zua taffipmz jewi nommoupt ug ov, iydiqv zuas opecomovz jet pux ciip namvoqmoif....
Click to expand...

Vjev ot sohjv. Nupiz tonqmz apfismopit vji djesedvis. Zua dep iovjis ati ov gus huuf us gus cef.
 
21elnegocio said:
Nep tji piifif Nk't Cuul op jis mogi, vjev xez tji xuamf ug qsucecmz jef e civvis apfistvepfoph up jux puv vu ci ep ofouv epf ipf aq moli vjev.
Click to expand...

Nezci NK xuamf ci xommoph vu tipf jis ep eavuhseqjif duqz vu jis dimm pux vjev tji jet voni vu sief.
 
Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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