Mark Organ
๐ค SpeakerAppearances Over Time
Podcast Appearances
decided on a pretty low price for the stock because it was after 9-11, there was no budgets or whatnot.
And we came up with a pretty arbitrarily low price.
I remember it was 10 cents a share, which was a nice round number at the time.
And we probably valued the company at something like $2 million.
And basically everybody in the company bought stock.
That's where I got the idea from.
It was my own experience.
Everybody in the company bought stock.
A number of people's parents and relatives and whatnot all bought, not just because they believe in the company, but they want to keep it alive and keep their kids' jobs.
But that extended our life from... We had four months of cash remaining and it went extended from four months to nine months.
It was actually a really big difference.
That's right.
And so we gave a lot of stock.
And as a result, there's a number of... There are some pretty junior folks at Eloqua that made $10 million plus when Eloqua went public.
And that's because they got so much stock
during this time when we were in real trouble.
Actually, I can figure that out.
It's still ongoing, so we don't know how much stock they're going to buy.
I don't think the CEO has put a limit on how much
on how much they could buy.