Steven
👤 PersonAppearances Over Time
Podcast Appearances
And he was keen to buy it?
And he was keen to buy it?
I'm just so, I'm so interested to see how those things play out. It's almost, it sounds like something you'd see in a movie where you get this call from someone like Mark Zuckerberg, who's built this massive empire. And it feels like you get summoned. I would imagine you get summoned from your dad's house to come and meet him. And you went to Facebook's offices to meet him, I'm guessing in person.
I'm just so, I'm so interested to see how those things play out. It's almost, it sounds like something you'd see in a movie where you get this call from someone like Mark Zuckerberg, who's built this massive empire. And it feels like you get summoned. I would imagine you get summoned from your dad's house to come and meet him. And you went to Facebook's offices to meet him, I'm guessing in person.
And did he tell you that he was going to copy you if you didn't sell?
And did he tell you that he was going to copy you if you didn't sell?
And I'm guessing you didn't want to join a big company at that point.
And I'm guessing you didn't want to join a big company at that point.
Was there ever a day where you doubted that decision? No. Not even a moment?
Was there ever a day where you doubted that decision? No. Not even a moment?
No. Was, were all of the board supportive?
No. Was, were all of the board supportive?
I mean, there's a lesson in there as well for founders who are considering taking, as they say, taking some off the table. I got a voice note from her. I was actually listening to it this morning and I responded to her this morning.
I mean, there's a lesson in there as well for founders who are considering taking, as they say, taking some off the table. I got a voice note from her. I was actually listening to it this morning and I responded to her this morning.
A friend of mine whose business was, I think it was at the top of the market in 2020, was set for an IPO and her board and investors and everyone was telling her that it's going to be a billion dollar business and that she should carry on going. She approached me and asked me if I would buy some shares off her. I took a look at the business and I valued it at a quarter of a million.
A friend of mine whose business was, I think it was at the top of the market in 2020, was set for an IPO and her board and investors and everyone was telling her that it's going to be a billion dollar business and that she should carry on going. She approached me and asked me if I would buy some shares off her. I took a look at the business and I valued it at a quarter of a million.
Sorry, a quarter of a billion. So 250 million very different numbers. And her investors around her were telling her it was worth something else. So she'd sent me a voice note, which is now four years later this morning, saying, thank you for that, Stephen, because although we didn't end up doing a deal with you, you put this idea in my head that I could be being...
Sorry, a quarter of a billion. So 250 million very different numbers. And her investors around her were telling her it was worth something else. So she'd sent me a voice note, which is now four years later this morning, saying, thank you for that, Stephen, because although we didn't end up doing a deal with you, you put this idea in my head that I could be being...
basically having a story sold to me. So what I ended up doing a couple of months after our conversation is I sold some shares. And obviously, you know what happened in 2020 with the markets and eventually everything comes crashing down. And she says, I would be losing my mind now because the company's struggling and obviously the markets have changed if I hadn't have taken some off the table.
basically having a story sold to me. So what I ended up doing a couple of months after our conversation is I sold some shares. And obviously, you know what happened in 2020 with the markets and eventually everything comes crashing down. And she says, I would be losing my mind now because the company's struggling and obviously the markets have changed if I hadn't have taken some off the table.