Eric Cline
👤 SpeakerAppearances Over Time
Podcast Appearances
And I never had anybody around me that talked about finances.
Not that my parents, they didn't have a ton of money.
They weren't dead broke.
But you were at a different level, dude.
Different level.
Different level.
Yeah.
Of course.
For sure.
Yeah, me too.
Yeah.
um and so we we structured everything uh we ended up going the the deal we ended up going with 147 they dropped out they thought there were going to be some lawsuits coming down the the pipe and they were like we don't we don't think this is an industry we want to be in so we were selling 51 of the company
We were retained in 49%.
We were selling 51% for $54 million.
I had to stay on for two years, and then we were going to do a second sale after the two years.
So it would ultimately have been a nine-figure exit.
That's why I always say nine-figure exit.
The first one was for $54 million, but I was still going to own almost 50% of the company.
which it was a cash cow at the time.
And they did all their due diligence.