Sam Reich

Leaving you.

I find it very funny when like there's there's a certain soundbite on the Internet that's like Sam used his dad's money to come and buy Dropout.

Which is very funny in the context of my dad being the inequality guy.

Yes, under Clinton, which, as we all know, labor secretary is the most lucrative profession that you could possibly imagine.

Yes, yes, yes, yes.

And does it very well.

He's very talented.

So I went and I offered IAC zero dollars, which was the amount of money I had to offer him.

There was another offer for three million bucks, but it would have gone to a competitor.

They would have fired everybody and taken the assets and see what they could do with them.

And I think that they liked the idea of gambling.

Oh, sorry.

So my offer was zero dollars.

They would end up in the minority, the minority stakeholder.

So it was sort of like idiot insurance for them.

Yeah, yeah, yeah, yeah.

Insurance for them in case things go very, very well.

And I think that they liked the idea of gambling on me more than the idea of handing the company over to a competitor.

It's a better story.

If it works out, it's more exciting for them.