Disclosure certainty 4/5 debate potential 1/5

Herman lost nearly $500,000 in his Quintus investment

Will Herman · 1170 Playbook he used for taking 3 companies public f\rom scratch · Oct 7, 2018 · at 4:01

Angel investor Will Herman discloses his biggest personal investment loss in company Quintus to host Nathan Latka.

0:00 / 0:04exact quote · 4.4s
720p mp4 · rendered on demand · StarZero watermark
“I had I had pretty close to half a million dollars.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Will Herman

Insight
Herman: Build In-House When Strategy Is Core; Acquisitions Fail To Integrate
“When what you're working on is sort of core to your long-term strategy I feel like there's no, no better value of developing that in-house, of creating that yourselves, because you can't get your hands around the technology, or the customers, or the employees,…”
Will Herman Oct 7, 2018 ▶ 14:51 1170 Playbook he used for taking 3 companies public f\rom scratch
Assertion Supported
Herman raised $60M venture funding to buy back $120M of Viewlogic revenue
“A year after we sold it, we bought back about 75% of the revenue, 80% of the revenue of the company in an MBO and then ran that company. Oh, it's a management buyout. We actually got venture funding about 50 or sixty million dollars and bought the bought about…”
Will Herman Oct 7, 2018 ▶ 4:57 1170 Playbook he used for taking 3 companies public f\rom scratch
Insight
Herman: Raising venture capital locks founders into pursuing an exit
“Most people don't realize that once you take venture capital, you are stuck. You're going for an exit, and that's what everybody wants.”
Will Herman Oct 7, 2018 ▶ 12:16 1170 Playbook he used for taking 3 companies public f\rom scratch
Insight
Herman: Unmotivated founders should directly ask investors to wind down
“Speaking as an angel investor, no investor wants to be involved in a company that the founders don't want to be involved in. So, you know, it's just going to take a long time to die, and it's going to be a long, painful death. So, so the best way, as hard as i…”
Will Herman Oct 7, 2018 ▶ 12:30 1170 Playbook he used for taking 3 companies public f\rom scratch
Assertion Partly supported
Herman: Quintus grew to $60M revenue and IPO'd before collapsing
“That was an actually an investment, not one that I was active in, although I did help the VCs spin it out of a of another company. Company was called Quintus. High flyer went from nothing to sixty million in revenue, went public.”
Will Herman Oct 7, 2018 ▶ 2:43 1170 Playbook he used for taking 3 companies public f\rom scratch
Assertion Supported
Herman: Viewlogic IPO'd in 1991 and Sold for ~$500M in 1996-1997
“We started that in 1984, took it public in 91 sold it in 9006 or 97. About a half, it was about a half billion dollar deal.”
Will Herman Oct 7, 2018 ▶ 4:35 1170 Playbook he used for taking 3 companies public f\rom scratch
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.