I want that second gig. Any openings?
-----Original Message-----
From: Paul Stewart
Sent: Wednesday, April 06, 2016 3:47 PM
To: [email protected]
Subject: Re: [AFMUG] Taking some off the table
Yes but the requirements and the re-numeration wildly vary .... I have been
a director for example with an Internet Exchange Point where you get your
costs covered but that's it.. with a local non-profit where you got zero and
not even costs covered..... Then for another commercial organization I
sat on their board of directors as a 'technical advisor' and got $6k/month
for basically 12 hours of effort per month....
-----Original Message-----
From: Af [mailto:[email protected]] On Behalf Of Jay Weekley
Sent: Wednesday, April 6, 2016 5:05 PM
To: [email protected]
Subject: Re: [AFMUG] Taking some off the table
Directors fees. I like that. Is that a common practice?
Chuck McCown wrote:
Do you get a seat on the board? Directors fees?
-----Original Message----- From: Travis Johnson Sent: Wednesday, April
06, 2016 2:46 PM To: [email protected] Subject: [AFMUG] Taking some off the
table Hi,
I'd love to hear some thoughts about when is a good time to take some
money off the table. I know this is a very diverse group and sometimes
the insight here is something you can't get anywhere else. LOL
I invested in a startup company 27 months ago. When I invested, the
company was valued at $1M and I owned 10%. Over the course of time,
the company has taken a few other investments along the way, so I now
own 8.27%. The company is now valued at $18M and several private
equity funds have contacted the CEO about buying "secondary" shares of
the company. So, I have the option to "take some off the table".
The company is growing amazingly fast... we just received an offer
from one of the top investment companies in the country that they
would invest up to $25M right now.
So, the question is: When is a good time to sell some shares (even
just to get the original investment back)??
Travis
