After reading the two-chair tale o' woe, the comment that they "sold the business in pieces" leads me to think his company collapsed after the dot.com bust.
Sure, their 1999-2000 balance sheet looked spiffy, but that was the peak of the boom. How did the next year go? Did these guys enjoy a profitable exit or endure a liquidation?
Edit: Poking about, it seems they sold the company in 2003. That's quite a time after the 1999-2000 numbers being splashed about in his feel-good writing. I'll bet the numbers in those later years would shine a bit more light on the business's true condition.
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Thanks for that.
After reading the two-chair tale o' woe, the comment that they "sold the business in pieces" leads me to think his company collapsed after the dot.com bust.
Sure, their 1999-2000 balance sheet looked spiffy, but that was the peak of the boom. How did the next year go? Did these guys enjoy a profitable exit or endure a liquidation?
Edit: Poking about, it seems they sold the company in 2003. That's quite a time after the 1999-2000 numbers being splashed about in his feel-good writing. I'll bet the numbers in those later years would shine a bit more light on the business's true condition.