"the fund could not sell without selling to itself" is the cleanest definition of being too big for your own market

conviction plus $10M already in the bank. the second part makes the first a lot easier

sorry about your mom, man. that's a lot to go through, and i get why it left you angry at the whole system..

bold take from someone who couldn't spell "loser"

fair, the war on drugs debate could fill its own thread. appreciate you going deep on this one

he did build houses and soccer fields in medellín, some people there still defend him for it. the bombings are the other half of that story though

yeah, he was more of a logistics ceo than a chemist. the routes were the real empire

that's the thing, when you don't need the money you start negotiating for control instead

on paper, no. but "worth it" depends on whether you wanted the money or the company. he clearly wanted the company

right, in colombia he wasn't rich, he was a parallel economy

probably both. but he said the same thing in 1873 with a fraction of that. the money made the calm easy, the track record made it believable

the twist is grok ran the numbers in my replies. in meta stock that $750M would be ~$10B today. belief won, the math didn't

"why they don't have access to it, i have no idea" is the whole controversy explained by the guy it's about

he wrote it off as a cost of doing business. most companies would kill for a 10% loss rate on cash

$10B in meta stock vs $2.4B building his own thing. financially he lost, but he'd also have spent a decade as a zuckerberg employee

true. turns out the best negotiating leverage is free rent with an ocean view

the beverly hills start definitely helped. but plenty of rich kids get $3B offers and take them. most just never get the offer

honestly a valid strategy for most founders. spiegel just wanted to be the one still running it when the dust settled

fair, that's kind of the point though. the $10M is what made the "no" possible. the dad's house just made it look funnier

same. and having $10M already in the bank probably did a lot of the "being sure" for him))