View Single Post
Dueller Dueller is offline
Registered
 
Dueller's Avatar
 
Join Date: Oct 2005
Location: Magnolia State
Posts: 7,548
Deals you REALLLLLLY missed out on...

I'm not talking about hindsight and wishing you invested in Apple 25 years ago or you shoulda bought a 72 911S new. I'm talking about real deals that were actually offered to you and you said "meh...nahhhh."

My misssed opportunity? Around 1986 a friend of mine invited my then wife and I, along with 10-15 other couples, to a party. He was seeking 12 investors at $10K eqach so he could build a prototype product he wanted to develop.

I didn't have $10K to risk and coupled with the fact this friend had run more than one of his pipe dream companies into the ground financially, I politely declined. Nice guy but he wasn't generally regarded as a primo business man.

But some of our social group took a leap of faith and ponied up. A few even invested $20K.

Three years later when the company was bought out by a larger investment group, the return on the original $10K was nearly $1 million.

The friend? Freddy Carl. The Company? Viking Range.
__________________
Jim
1987 Carrera
2002 BMW 525ti
1997 Buell Cyclone cafe project
1998 Buell S1W: "Angriest motorcycle I've ever ridden."

Last edited by Dueller; 04-10-2009 at 03:06 PM..
Old 04-10-2009, 03:01 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)