I find it amusing that people are labelled a "billionaire" because they hold stock in a private company that has been valued at multiple billions of dollars.
My plan is to incorporate my side company and issue 5 billion shares to myself as founder and sole owner. Then I'm going to take 100 shares and offer them to my old college roommate for $100 will will peg the company's "value" at $5 billion dollars (post money) and now I too will be a billionaire! I never realized how simple it was, now I know.
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[ 4.6 ms ] story [ 14.9 ms ] threadMy plan is to incorporate my side company and issue 5 billion shares to myself as founder and sole owner. Then I'm going to take 100 shares and offer them to my old college roommate for $100 will will peg the company's "value" at $5 billion dollars (post money) and now I too will be a billionaire! I never realized how simple it was, now I know.