Undergraduates with family income below $200k will be tuition-free at MIT

Re:Undergraduates with family income below $200k will be tui... by Dylan16807 on Wednesday November 20, 2024 @05:30PM (#42198802)

Well, how big were the business assets?

Specifically, what percent of the business would have to be sold off? My reaction is very different for 5% versus 50%.

[ Parent | on HN ]

Re:Undergraduates with family income below $200k will be tui... by jedberg on Wednesday November 20, 2024 @06:42PM (#42199349)

You usually can't sell off 5% of a small business. A sole proprietor is not going to issue stock for 5% and get any buyers.

[ Parent | on HN ]

Re:Undergraduates with family income below $200k will be tui... by baq on Thursday November 21, 2024 @01:40AM (#42201751)

There’s no market for limited partnerships in mom and pop shops. The whole thing may go for a low multiple of yearly revenue, like 2 or 3x.

[ Parent | on HN ]