Michael Chernow
👤 SpeakerAppearances Over Time
Podcast Appearances
We had a couple of things happen that was pretty tough for us to navigate together.
Partnerships are really hard.
That's what I've heard.
Yeah, they're hard.
And we had an opportunity to really do a deal that would have changed our lives forever.
And still owned a significant piece of the business.
And I couldn't convince him that that was the right decision.
And when I knew that the two of us had started, we each invested 20,000 bucks of money that we'd saved.
And we had an opportunity to sell, you know, 60% of the business at a $45 million valuation.
That would have changed our lives drastically.
Yeah.
And he thought it was worth more.
Yeah.
I told him, I was like, dude, you're nuts.
Like, you're crazy.
This valuation is way inflated.
And he was like, we have a store in construction.
We have a store in negotiation.
Seven months down the road, we'll open up that store.
Six, you know, 10 months down the road, we'll have another store.