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Friday, January 25, 2008 10:13:08 AM
I know an individual that started a competing company to Ebay in their early days. Ebay saw merit in his company as a competitor and purchased it. They settled on $10 million.
However, he decided to take the $10 million in stock instead of cash. Within, I believe it was several months, the $10 million was worth $70 million.
So, there are individuals out there that if they catch the vision of what they believe the company can do, are willing to participate in the risk...... if they can participate in the reward.
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