Quote:
Originally Posted by Shap
I'm curious as to how $10million = ouch? I've never run a hosting company but from the owners I've talked to (Ray included) it doesn't sound like a fun time. if someone walks up and cuts you a check for $10,000,000 that's some serious coin. Ray will never have to work another day in his life. I don't get how $10,000,000 for a hosting company is low. Most hosting companies sell when they are about to go under and get nothing for them. Ray was smart and cashed out.
Congrats Ray!  |
I have to agree with Shap on this point. I think there's some serious underestimation of the work involved in generating that type of enterprise value. Outside of that, those suggesting 10mil+-? is low I doubt have ever seen even a fraction of that type of money in their own bank account. Congrats to Ray!
Brad