John Morgan
👤 SpeakerAppearances Over Time
Podcast Appearances
He goes, I'm not going to cheat.
I said, I know you're not.
His mother's – Good question to ask, though.
But he asked that question.
I said, let's just get the document signed.
Wow.
So I did that years ago in 2008.
When everything crashed, I had everything appraised and I gave the big gift to them where you could give up to like 24, 25 million.
So I did that.
I built a company called Litify, which was a software company.
And what I did with that, I took Litify and I just put it all, I put 20%, each one of my children, 20% for me.
We sold it to Besmir at a $600 million valuation.
We took 60%.
But when we sold it, all my kids got the money.
And then I used my 20% to toggle off
And pay the taxes.
So they took it tax-free.
So I've done a lot of things.
You've got to do a lot of things de novo early on where there's no basis.
And then the lucky thing for me is because my sons are lawyers, then they get to take shares inside this firm.