This was a title of an article in November’s Inc Magazine. It talks about how recently EBay bought 25% of Craigslist for $12M. However, the company didn’t get the money. The CEO Craig Newmark gave an employee some equity in 1999 as a sign of good faith. But the employee left the company this year and was free to sell the stock. We all make these kinds of mistakes early on when it seems that it doesn’t “mean anything”.
Equity is Not a Toy
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About the Author: Barry
Barry Moltz has founded and run small businesses with a great deal of success and failure for more than 25 years. He is a small business expert that helps companies get unstuck. Barry is a bestselling author, in-demand keynote speaker, and dynamic radio talk show host.
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You’re right.
The equity was intended as symbolic, since we view our selves as a commons, but I didn’t get the right agreement in place.
Craig
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