Full episode is up at fsotd.com
Harrison sold his company for $10 million. A third of it was cash and two thirds was stock. Then the stock fell from around $8 a share to $1.
In this episode he breaks down the full acquisition. The buyer had just purchased three of his biggest competitors, and when the offer came in around $9 million, he said ten or he walks. They agreed. What followed was two years nobody saw: a seven figure tax bill on money he didn't have yet, staff who couldn't be told about the deal in advance, and a real possibility of walking away with a fraction of the headline number.
He also talks about the $15 million valuation offers he passed on years earlier, the non-compete that kept him out of the industry he loved, and what the money actually changed once it finally landed.
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