Kenny Hawk recounts moving iGo from Silicon Valley to Northern Nevada in 1997 due to lower costs.
0:00 / 0:03exact quote · 3.8s
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“And we ended up having 31 out of 33 employees move with us.”
quote is from the automated transcript, cleaned for reading:
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More from Kenny Hawk
AssertionNot checkable as stated
Hawk: Dot-com founders went bankrupt paying taxes on phantom stock gains
“I had good friends that had you know, gone public, actually exercise their options to pay the tax on the lower tax basis saw their value go all the way up and then down to zero. And they'd already paid tax on a phantom gain and, you know, were bankrupt, lost t…”
Kenny HawkJun 12, 2016▶ 9:27EP 323: He took his company public for $1b
AssertionOpen · timeframe Dec 1999
Hawk: iGo raised less than $10 million before its 1999 IPO
“We raised less than ten million before we went public.”
Kenny HawkJun 12, 2016▶ 3:17EP 323: He took his company public for $1b
AssertionContradicted
Hawk: iGo reached a peak market cap of nearly $1 billion
“The peak of market cap was just under a billion.”
Kenny HawkJun 12, 2016▶ 5:38EP 323: He took his company public for $1b
AssertionSupported
Hawk: iGo's valuation crashed below $100 million before its acquisition
“We were below a hundred million by the time we got acquired.”
Kenny HawkJun 12, 2016▶ 5:54EP 323: He took his company public for $1b
AssertionNot yet assessed · timeframe Jun 2016
Hawk: iGo achieved profitability during its first three years in business
“We were profitable our first three years in business.”
Kenny HawkJun 12, 2016▶ 7:16EP 323: He took his company public for $1b
AssertionPartly supported
Hawk: iGo bit off too much acquiring three companies post-IPO
“We ended up acquiring three companies in nine months, you know, bit off more than we can chew.”
Kenny HawkJun 12, 2016▶ 3:43EP 323: He took his company public for $1b
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