I used to make 2K/mo just as an advisory board member.. But when it
went TU I lost the investment and had to pay taxes as well because of a
mezzanine round pre-ipo with no ipo. Took a while to shake the ashes
out of my hair from that one...
On 04/06/2016 02:04 PM, Jay Weekley wrote:
Directors fees. I like that. Is that a common practice?
Chuck McCown wrote:
Do you get a seat on the board? Directors fees?
-----Original Message----- From: Travis Johnson Sent: Wednesday, April
06, 2016 2:46 PM To: af@afmug.com Subject: [AFMUG] Taking some off the
table
Hi,
I'd love to hear some thoughts about when is a good time to take some
money off the table. I know this is a very diverse group and sometimes
the insight here is something you can't get anywhere else. LOL
I invested in a startup company 27 months ago. When I invested, the
company was valued at $1M and I owned 10%. Over the course of time,
the company has taken a few other investments along the way, so I now
own 8.27%. The company is now valued at $18M and several private
equity funds have contacted the CEO about buying "secondary" shares of
the company. So, I have the option to "take some off the table".
The company is growing amazingly fast... we just received an offer
from one of the top investment companies in the country that they
would invest up to $25M right now.
So, the question is: When is a good time to sell some shares (even
just to get the original investment back)??
Travis
