“I sold, I was further into it. I sold for 565,000 and I was, I think, 19 then.”
quote is from the automated transcript, cleaned for reading:
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More from Mike Wittmeyer
Disclosure
Milk Road Deal Briefly Stalled Over Unexpected Gambling Sponsor Revenue
“One of the times it fell apart was we got into the diligence after we'd already agreed on a number and there was a little more gambling, gambling sponsor revenue there than we thought.”
Mike WittmeyerDec 17, 2022▶ 12:16BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
AssertionNot checkable as stated
Saville Netted $23 Million From His Early JM Bullion Angel Investment
“You got like twenty three million.”
Mike WittmeyerDec 17, 2022▶ 53:52BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer Sold Precious Metals Retailer JM Bullion For $175 Million
“I sold it for one 75.”
Mike WittmeyerDec 17, 2022▶ 54:14BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Insight
Wittmeyer: Bootstrapping Makes Massive Multi-Billion-Dollar Outcomes Much Harder to Achieve
“I think one thing you probably lose though, is it's, in my opinion, it's harder to have like the really big outcome. If like the things we're doing or historically have done, it's hard to, It'd be like a ten billion dollar company from that stuff. And I think …”
Mike WittmeyerDec 17, 2022▶ 1:10:54BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer: Bitfo would have walked away if final Milk Road offer failed
“At the end, like when we made that final, you know, the last little chunk, we were, that was it for us. We had said, we're walking if this doesn't work.”
Mike WittmeyerDec 17, 2022▶ 11:58BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
AssertionNot checkable as stated
Wittmeyer: JM Bullion Benefited From Confusion With Johnson Matthey
“We knew so little about this space when we started that we named it JM Bullion using our initials and We had no idea that, like, one of the largest refiners of gold and silver in the world is Johnson Matthey, and so we actually got a big boost early on because…”
Mike WittmeyerDec 17, 2022▶ 47:55BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
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