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Rick Jordan

πŸ‘€ Speaker
1017 total appearances
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Podcast Appearances

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

That was the question.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

And even more so, do you want to spend because it'll probably take and this was no joke, right?

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

They said it would probably take about a million dollars to fully litigate this case.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Like so from an ROI perspective, if these individuals.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

individuals had the money and you could collect $3 million, that makes sense to pursue it.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

But if you think that you'll get less than a million dollars out of them, which for some of them, and there was another issue with another acquisition, very similar story, is that when you do the investigations on these individuals through PIs and you find out the one and a quarter million that you put down on a down payment to them, and then it was like three months later, it's like one dude buys a $300,000 Porsche, you're able to find through private investigators, I don't think they got the money.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Whatever went in

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

went out it's much harder to collect from the way that i was taught on this than it is to actually even win the case to begin with but then it becomes roi how much you want to spend for that moral victory if you were a billion dollar company already rick and you wanted to do this just to teach a lesson i'd say go for it this is my general counsel it's like you're just not going to get it back let's throw in good money at bad you know

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Yeah, exactly.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

He would always phrase it.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

His name's Stan.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

He's awesome.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

He's a 45-year trial lawyer.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Sharp as can be, dude.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

He's just like, pretty much every lawsuit is an economic decision, or at least it should be from the people that are involved.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

There's nothing beyond it besides that.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

That's right.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Take all emotion out of it.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Which is hard, bro.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

It's real hard.