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A comment on 28-year-old makes millions buying from Walmart, selling on Amazon. Parent comment

Re:28-year-old makes millions buying from Walmart, selling o... by rubyfan on Sunday November 05, 2017 @04:53PM (#15631875)
His high salary was $150k. You can still make millions without taking it out in the form of a salary. If he owns the company and the value of his equity increases into the millions, then he’s making millions. It sounded like he was reinvesting the money back into the business too. It’s probably a smarter use of profits if he has predictable margins that scale.
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Re:28-year-old makes millions buying from Walmart, selling o... by zaroth on Sunday November 05, 2017 @06:45PM (#15632491)
No recurring revenue, no actual customers, no secret sauce. Maybe some proprietary data models, but doesn't really sound like it.

So what would it be that someone was hypothetically paying for if they were to buy him out?

The blog following and sales classes probably are the key IP worth paying for.

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Re:28-year-old makes millions buying from Walmart, selling o... by rubyfan on Sunday November 05, 2017 @07:41PM (#15632744)
He’s pretty honest about that in the article, anyone can do it; he wants them to; and he’s spending his personal time trying to convince others to.

The reinvestment is for something better than a juiced up valuation. He’s likely parlaying his profit into more inventory or scaling the team that he will profit from. Reinvestment isn’t always about selling the company.

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Re:28-year-old makes millions buying from Walmart, selling o... by zaroth on Sunday November 05, 2017 @08:26PM (#15632908)
Agree the large reinvestment is necessary for any growing business. But if you want that equity to be worth much there has to be something there to buy.
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Re:28-year-old makes millions buying from Walmart, selling o... by coldtea on Monday November 06, 2017 @03:17AM (#15634035)
>No recurring revenue, no actual customers, no secret sauce. Maybe some proprietary data models, but doesn't really sound like it.

So exactly like most of the 100s-of-millions valued internet startups?

(But in this case, actually making a profit)

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