Andrew Warner
๐ค SpeakerAppearances Over Time
Podcast Appearances
Absolutely.
And we should say what the business did.
Heyo started out as a consulting company, then moved on to software under the name Lejour, then became Heyo.
What you did was social media consulting, if I understand right.
Then you moved on to creating web pages on Facebook, which is what Facebook encouraged companies to do.
And then when Facebook said, sorry, we're not doing that anymore, you turned it into a contest business and that's what you sold.
I forget which one.
So-
Back to the question that I asked earlier, is it fair to say that the exit wasn't strong?
We're talking about your investors got shares in the new business that you sold to.
And you, from what they've told me, got under six figures from the exit.
I mean, there was- You took 2.5, right?
And so did you give back 2.5 in cash?
But you can say whether you've made them more money than they put in, right?
If they put in 2.5 million, you can say I gave them more than 2.5 million.
Here's the bottom line.
People are saying that you've lost the money.
They got less cash out than they put into the business.
And so here's the thing that I admire about what you've done.
You had a run at this.