Quote:
Originally Posted by dustygoon
Unreal price for a traditional business with $70-80mm of revenues. SaaS type multiple for a media business? They burn cash of course. Do you think Myrtle had equity (Toronto was 2nd town after Chicago to build a team and he was lead editor)?
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I was thinking who, if any, of the somewhat marquee names they had got any equity, however large or small. I think of a guy like Eric Duhatschek who had about as good a gig as a sports writer could hope for. Surely there had to be something extra to incentivize guys like him to join the venture in its relatively early days.
Because I hope they did, and they’re getting rewarded for it.