Gurley calculates that owning eighty percent of a thirty million dollar exit yields twenty-four million for the entrepreneur.
“if you have a killer product that might elicit a $30,000,000 exit and you can bootstrap and hustle your way and own 80% of it, you know, 80% of 30,000,000 is $24,000,000.”
Gurley calculates that owning 80% of a $30 million exit yields $24 million for the entrepreneur.
“And so if you have a killer product that might elicit a $30,000,000 exit and you can bootstrap and hustle your way and own 80% of it, you know, 80% of 30,000,000 is $24,000,000.”
Gurley cites DP Review selling to Amazon for $40-70 million as a single-founder bootstrapped success.
“One guy, one founder and Amazon reported, no one knows the exact number, but I've heard anywhere from 40 to $70,000,000 for a single guy.”
Gurley cites DP Review, a one-person digital camera review site acquired by Amazon for forty to seventy million dollars.
“I love this story of DP Review, which is a website for digital camera reviews.”