Erik Matlick
๐ค SpeakerAppearances Over Time
Podcast Appearances
We didn't have a complicated cash structure with preferred shares, all common shares.
There was no VC or private equity or anything like that involved.
So I was able to do that and prove that it would make sense to spin it out as a separate entity.
And at the time, by the way, we had no revenue.
you know, we're really, it was in its infancy.
It was a little bit more than an idea at that point.
No, no, they're doing great actually.
So we, I hired a CEO at the time.
I said, that was part of the plan was we're going to spin it out.
I'm going to hire a CEO who's,
Probably better than me at the current phase of the company to drive it to the next phase.
I feel that I'm really good at the idea of a startup, bringing product to market phase.
So I brought him in to be the CEO.
He then went on to run it for about two and a half years and then sold the whole business.
Oh, great.
And the whole business was sold.
What did it sell for?
Is it public?
It's not public, and I can't disclose the price, but there are articles.
I believe there's one in Fortune that talks about this.