You should set up one regardless. It means a lot more to set one up when you still need the money. Tithing is good for the soul. Most communities have some form of Charitable foundationthat you can get into for a lot less that will manage everything.
On Wed, Apr 6, 2016, 4:35 PM Ken Hohhof <[email protected]> wrote: > You're 27 months in and your $100K is now worth $1.5M? I would definitely > take at least $100K out. Maybe take out $200K and invest half of it in a > new startup. > > That way you're a winner no matter what happens. > > Your tax situation might affect the decision one way or the other. And if > things keep going this way, you will be setting up a charitable trust like > Bill and Melinda Gates or Warren Buffet, because you don't know what to do > with all your billions. > > > -----Original Message----- > From: Travis Johnson > Sent: Wednesday, April 06, 2016 3:46 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 > > >
