He Saw Problems News Today

Story. in lieu of a salary, which they couldnt afford to pay they gave him a stake in the company. >> he was doing a lot of work for us but we felt the pressure to be protective of our equity. >> but they decided his work was worth more than just 10% and that motivating him with ownership was more important than retaining equity themselves so they gave him 20%. they didnt value the company at the time, which they should have, but looking back, david says the company was new, and worth about noth...

Pair needed help. thats where dan enters the story. in lieu of a salary which they couldnt afford to pay, they gave him a stake in the company. >> he was doing a lot of work for us, but we felt the pressure to be protective of our equity. >> reporter: but they decided his work was worth more than just 10%. and that motivating him with ownership was more important than retaining equity themselves. so they gave him 20%. they didnt value the company at the time, which they should have, but looking ...