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.
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.
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.