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1 hour of work per month, $100k per year, each hour of his time was worth nearly $10k. Cool story but I never would have sold. This is the ultimate side business.



$100K revenue != $100K profit.


It's crazy, he was dying to sell his first company. Vanity makes us do crazy things.


He has 0 risk once his check for $500K clears. Every month he keeps the app there is a risk that something goes wrong; and that 1 hour a month probably doesn't include time that is spent thinking about those things going wrong. Getting the money all at once reduces his ongoing cognitive load.


Well, except for the stuff he indemnified them against.


He return he got was excellent. Definitely the right move to sell.




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