How is His Net worth 400 million?

[Scot]

Maybe he sliced the pie too thin.

I'm sorry... are we calling a $400M payout... too thin?


If he never took on these investors he never would have sold his company to Coke and the company never would have been as large as it was.

What's the old saying? I'd rather have 10% of a $100M company than 100% of a $1M company.

 

[Scot]

Hey , this guy sold his company for 4.1 billion, and the deal brought him 325 million. How can this be?
Usually, if he was the only owner, he would only have to pay the taxes and be left with like 2-3 billion, right?
Could it be because there are other shareholders involved in the company who got a cut of that money? What are other possibilities?

Link: J. Darius Bikoff - Wikipedia (under "Early Life").

Thanks.

What about...

The reasons some high-profile money accumulators aren't on The Forbes 400. Yet.

www.forbes.com

J. Darius Bikoff. Earlier this year Bikoff sold Glacéau and its sports drink Vitaminwater to Coca-Cola for $4.1 billion. Many instantly pegged him a billionaire. Turns out he owned significantly less than 25% of the company and had some 500 co-owners, including the Indian firm Tata Group, which owned 30%, the largest stake. After taxes, he didn’t clear $1 billion.

30 seconds on Google answered this...

 

[Kak]

He should have kept more equity. Simple.

This is an action that actually robs the business of potential growth. It is just being greedy with the wrong number. What matters is personal wealth, not how much of a business you own.

Name any well known billionaire entrepreneur... They all brought on OPM. How much of Microsoft does Gates own? How much of Apple did Jobs own? How much of Tesla does Musk own? How much of Amazon does Bezos own? How much of Facebook does Zuckerberg own? How much of Berkshire does Buffett own?

Looking at the companies that never take OPM... Most of them never transcend the "small business" owner operator category.

Everyone wants to build the next billion dollar business, but they don't want to do what most of them do, take investor money. It is possible without OPM, but not likely.

The fact remains, well capitalized business beat bootstrapped businesses the vast majority of the time. It absolutely can be concluded that it is better for your own personal wealth to not only sell your product or service, but to also sell financial opportunity to others.

In this case... The selling of equity could have meant the difference between the powerhouse that is vitamin water, and never once hearing the name.

 

[ryanbleau]

Mental masturbation about someone else's payday.

 

[biophase]

He should have kept more equity. Simple.

LOL, really?

 

[MTEE1985]

He should have kept more equity. Simple.

And just like that, a mass aneurysm struck the FLF membership

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MπR]

Maybe he sliced the pie too thin.

That is the problem with giving away too much equity. He had less than the largest investor.

On the other hand, maybe he could not have build it up to a sale of 4.1B without the investors and their networks. Nonetheless its a nice payday.

 

[Rawseed]

Yeah, the rapper, 50 cent and the new shark, Rohan Oza (he was the CMO) were two of the more famous co-owners.

Giving equity to both of them really increased the value of the company.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vairavan]

What do you suggest he should have done differently to get a higher total payout on the exit?

He should have kept more equity. Simple.

 

[Dan_Cardone]

Trying to keep as much equity in your business as possible while at the same time trying to get enough investor money to grow and scale is a balancing act for sure.

Not like the guy guy is going to be asking friends and family for a loan anytime soon though

 

[Scot]

I'd rather have 100% of the $1M company. Probably quicker to build than the $100M. You can't get that tine back.

Then you have funds to do it 9 more times.

It only takes longer to build a $100M company than a $1M company if you have that mindset.

What do you think would take @Kak longer to build, a $1M or $100M company?

 

[Vairavan]

What do you think would take @Kak longer to build, a $1M or $100M company?

Why @Kak ? Idk why but whenever someone here talks about 100 million or any other big numbers here someone always mentions @Kak. But why? Is he a centimillionaire? I looked at his profile but it was set to private.

 

[Tourmaline]

@Vairavan
Before replying - if you do - pause and reflect.

ahaha I'm glad putting him on my ignore list has already paid off

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vairavan]

What about...

The reasons some high-profile money accumulators aren't on The Forbes 400. Yet.

www.forbes.com

30 seconds on Google answered this...

Maybe he sliced the pie too thin.

 

[canone]

Thx mate

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vairavan]

LOL, really?

I think I should have included next to that comment. Now I don't know if you guys got the joke or think I'm stupid.

 

[Vairavan]

Some suspicious things are happening in this forum. I saw a reply by @jscout. When I typed a reply it magically disappeared.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Scot]

I really don’t know how to explain to @LittleWolfie and @Vairavan this concept with their obviously deeply engrained limiting beliefs.

I’ll let someone else take a crack at it.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Fastlane Liam]

He should have kept more equity. Simple.

Easier said than done. Some people on this forum with their know it all attitude make me laugh

 

[canone]

Hey , this guy sold his company for 4.1 billion, and the deal brought him 325 million. How can this be?
Usually, if he was the only owner, he would only have to pay the taxes and be left with like 2-3 billion, right?
Could it be because there are other shareholders involved in the company who got a cut of that money? What are other possibilities?

Link: J. Darius Bikoff - Wikipedia (under "Early Life").

Thanks.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[SIDI]

I'm sorry... are we calling a $400M payout... too thin?


If he never took on these investors he never would have sold his company to Coke and the company never would have been as large as it was.

What's the old saying? I'd rather have 10% of a $100M company than 100% of a $1M company.

This!!

My guess is that $400m is in the realm of FU money - the thing that we are all chasing!

 

[JByers210]

Some suspicious things are happening in this forum. I saw a reply by @jscout. When I typed a reply it magically disappeared.

Oh no that’s suspect

 

[Vairavan]

Oh no that’s suspect

 

[Scot]

Some suspicious things are happening in this forum. I saw a reply by @jscout. When I typed a reply it magically disappeared.

Nope,@JScott reply is definitely there.

What do you suggest he should have done differently to get a higher total payout on the exit?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vairavan]

Nope,@JScott reply is definitely there.

Not that reply. He did another reply after my reply to biophase. He said something sarcastic like "I want to learn from you". Does this forum has an option to delete comments?

 

[LittleWolfie]

I'm sorry... are we calling a $400M payout... too thin?


If he never took on these investors he never would have sold his company to Coke and the company never would have been as large as it was.

What's the old saying? I'd rather have 10% of a $100M company than 100% of a $1M company.

I'd rather have 100% of the $1M company. Probably quicker to build than the $100M. You can't get that tine back.

Then you have funds to do it 9 more times.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vairavan]

regardless of which of those two options it was (joke or stupid)

 

[LittleWolfie]

It only takes longer to build a $100M company than a $1M company if you have that mindset.

What do you think would take @Kak longer to build, a $1M or $100M company?

So which mindset do you think zuckerberg has? Given that all $100M companies become $1M companies first. I'd say it takes @Kak longer to build the $100M company.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vairavan]

I really don’t know how to explain to @LittleWolfie and @Vairavan this concept with their obviously deeply engrained limiting beliefs.

I’ll let someone else take a crack at it.

What limiting belief? I don't remember saying anything that would trigger this comment.

 

[Vairavan]

Easier said than done. Some people on this forum with their know it all attitude make me laugh

OXYMORON!!!!!

It's people like you and @MTEE1985 who have this "know it all attitude". I clearly stated in the next comment I said it as a joke. You replied without even reading it.

@JScott made the same mistake but he deleted his comment after reading it. It instantly increased my respect for him.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.