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Old 04-18-2007, 05:48 AM   #51
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Quote:
Originally Posted by rowan View Post
Even if he never invested or worked again he'd still be able to spend something like a million dollars after tax, every year, for the rest of his life.
If he lives for ~650 years yea. If he puts it into something that gives 1% yearly interest he can spend ~ $7 mil per year and still have that 1 billion on the bank
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Old 04-18-2007, 05:54 AM   #52
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Damn guys, maybe he just loves what he does ... makes enough money right now to do all the things he already wants to do. Perhaps he doesn't want to see some big company destroy something he has worked so hard to build up. It's not always about money.
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Old 04-18-2007, 06:10 AM   #53
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Damn guys, maybe he just loves what he does ... makes enough money right now to do all the things he already wants to do. Perhaps he doesn't want to see some big company destroy something he has worked so hard to build up. It's not always about money.
No see if it was $1 million or even $10 million you can say "It's not about the money" at $1 BILLION, yeah it should be about the money.
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Old 04-18-2007, 06:21 AM   #54
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Cover title for next month issues: To all the idiots who called me the world's #1 idiot last month.

Followed by the subtitle: Dude accepts 15 Billion offer from Google of which
10 billion in cash and 5 billion in stock options.
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Old 04-18-2007, 06:27 AM   #55
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He may just be like Craig Newmark and actually take pride in what he has created and not want to see it go to some money grubbing internet company...as dumb as I think it is, you have to give the guy props for sticking by something he created and believes in
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Old 04-18-2007, 06:33 AM   #56
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He been offered 1 billions and he refused?If yes then he is idiot.
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Old 04-18-2007, 06:43 AM   #57
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well, if they're offering $1billion now, just think what they'll offer later. But he is rather stupid.

Maybe he hates Yahoo and is waiting for Google?
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Old 04-18-2007, 06:45 AM   #58
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OMG. He'll come to regret that one!!
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Old 04-18-2007, 06:47 AM   #59
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well, one thing is for sure, he has a lot more publicity about it now....

i definitley see him selling it within the next year or two
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Old 04-18-2007, 07:39 AM   #60
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stupid kid!

Never refuse ca$h especially BIG numbers!
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Old 04-18-2007, 07:41 AM   #61
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ok fine...
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Old 04-18-2007, 12:03 PM   #62
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If he lives for ~650 years yea. If he puts it into something that gives 1% yearly interest he can spend ~ $7 mil per year and still have that 1 billion on the bank
lol, oops, dropped a zero somewhere.

Don't forget to account for inflation - 4-5% p/a and he'd still have more money than he could ever spend
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Old 04-18-2007, 12:04 PM   #63
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well, if they're offering $1billion now, just think what they'll offer later. But he is rather stupid.
They may offer nothing later if the bubble bursts in the meantime.
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Old 04-18-2007, 12:13 PM   #64
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It's the guys decision...I agree with FleshJosh. Who knows what his plan is, whatever it maybe it's his to make. Good luck to him! I also wonder just how much of that was cash and how much was stocks...Must be nice to be in a position to turn down a BILLION dollars!!
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Old 04-18-2007, 12:18 PM   #65
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hearing about/reading about things like this makes me want to blow my head off
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Old 04-18-2007, 01:12 PM   #66
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good for him resistance is futile!
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Old 04-18-2007, 04:04 PM   #67
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I got my mag today... He says FaceBook will be making that yearly by 2010 and he is in for the long haul...
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Old 04-18-2007, 04:09 PM   #68
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Maybe hes the worlds smartest...
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Old 04-18-2007, 04:10 PM   #69
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http://www.gfy.com/fucking-around-and-business-discussion/725544-reason-facebook-1-billion-post12276337.html
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Old 04-18-2007, 04:20 PM   #70
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He should sell 50% of the company and keep the other 50%. I bet half a billion is a lot of fun to have.
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Old 04-18-2007, 04:23 PM   #71
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Im sure Bill Gates and Steve Jobs got to the positions they are in today by not selling out.
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Old 04-19-2007, 02:21 AM   #72
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WHo cares if it;s worth 100X ties as much. it's $1 BILLION.

Ok say he go it all cash all at one. Even under our tax code that $650 MILLION after taxes. Now say he puts it all in a non interest bearing account. He can still spend $17,800 a day EVERY DAY until he's 122 which would break a world record for longest lived person.
your an idiot he does not own 100% of the company
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