Replies to post #27433 on World Surveillance Group Inc (fka WSGI)

[siriuslyricher]

A lesson from Craig O. McCaw on increasing the number of shares to grow the company:

http://www.achievement.org/autodoc/page/mcc0bio-1

In 1981, McCaw began to research the cellular telephone market. Even according to AT&T's modest projections, the local permits sold by the FCC were greatly undervalued. Craig started bidding on cellular phone licenses. He planned a major expansion, but to do this, he needed more capital than McCaw Communications could ever earn from its modest cable television business.

Throughout the 1980s, McCaw sold shares in his company to larger enterprises: Affiliated Publications, E.W. Scripps Co., and finally British Telecom. In each case, the McCaw brothers kept control of the company in their own hands and in some instances bought back the shares, as their own operation grew to dwarf some of its former partners. At the same time, the backing of these established firms enabled McCaw to acquire a credit line of over a billion dollars.