Thursday , October 29 2020

Initial offer on was $150,000

Michael J. Saylor is the CEO of MicroStrategy the company that sold for $30 million last year. published a story (hat tip to George Kirikos) today on how the negotiations went. They apparently started at $150,000 and Saylor would not get on the phone with the buyer until the offer hit $22 million.

From the article:

In the recent interview with Anthony Pompliano, Co-founder of Morgan Creek Digital, Saylor shared his story about the sale, which happened sometime around June 20, 2019. According to him, the initial offer was just USD 150,000 but he didn’t get on the call with the buyers until the offer was raised up to around USD 22 million.

I thought Saylor had a great line, “Selling intangible assets like artwork, it all comes down to how much are they worth to you.

So if you needed the 10 million dollars you would have taken the 10 million dollars but at this point, you know, I have 500 million dollars of cash in the bank, and I love my things, you know, maybe you can tell that I’m a little bit passionate about some of this stuff.

So I would rather own it and not have the 10 million then sell it for that so I said no,”

The post Initial offer on was $150,000 appeared first on TLD Investors.

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