Breaking Free
Experiments in tech entrepreneurship
Great Post By Tony Wright On Cashing Out Of Your Business
In: Updates By: Brian Armstrong
3 Aug 2010Had the pleasure of meeting Tony recently for lunch. Really enjoyed this post he put up:
http://www.tonywright.com/2010/rethinking-f-you-money/
Totally agree that the mythical 6-10% return is not being achieved by many these days, and that the real pay off of selling a business can come from the credibility – not the money.
Definitely food for thought, Brian Armstrong
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Chuck Cohn
August 3rd, 2010 at 7:34 pm
Brian, That was a really depressing post, lol – the prospect of selling a business for $5MM and then being unable to ever earn interest off of that $5MM is truly dark … haha
Brian Armstrong
August 4th, 2010 at 12:48 am
Yep – scary thought! Something like this might be a good cure:
http://crawlingroad.com/blog/2008/12/22/permanent-portfolio-historical-returns/
But still – I’m sure its difficult to achieve in practice.
Herman J
November 11th, 2010 at 4:00 am
That sure is depressing Chuck you got it right about being unable to earn any interest.