Heck yes. I grew up on a farm and ranch. Nobody ever paid me other than food
and board.
From: Sam Lambie
Sent: Friday, March 18, 2022 10:21 AM
To: AnimalFarm Microwave Users Group
Subject: Re: [AFMUG] Ot: vauluing an investor
So that is what having kids are for? Indentured servitude?
On Thu, Mar 17, 2022 at 2:59 PM Steve Jones <thatoneguyst...@gmail.com> wrote:
I really am hoping my boy gets behind it, I want him to vest in 5 years. but
with another partner it may not work that way
On Thu, Mar 17, 2022 at 3:30 PM Chuck McCown via AF <af@af.afmug.com> wrote:
I really dislike partners that are not my kids. I would not ever give up
controlling interest. I have had some 50/59 deals that worked.
Sent from my iPhone
> On Mar 17, 2022, at 11:44 AM, Steve Jones <thatoneguyst...@gmail.com>
wrote:
>
>
> So im buying out a friends business. Not big, small drill and such.
Enough that a guy can get started and build upward. I just am afraid of heights
and want to get lower and build something with my kid.
>
> I have an interested party that made me an offer, it will get me a second
truck and mini excavator plus a pretty substantial recurring investment, about
80 percent of what im paying.
>
> He wants to know what i think is a fair percent for the offe. But i cant
see any way that has a return for him with me retaining any ownership.
>
> Im projecting best case around 220k revenue in the startup year, and fuel
is laying claim to a pretty big chunk of that.
>
> This is a guy who tried to recruit me last year, and hes made clear hes
looking to invest in a person. While that is roses, im not sure how it scales
to a return for him.
>
> I can see buying into an existing outfit, but this just seems to have no
way where numbers make sense.
>
>
> --
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Sam Lambie
Taosnet Wireless Tech.
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