Ben Way

Ben explains why he's seeking out investors rather than investing his own money.

on Nov 26, 20120

Why then don’t I just sell some of my companies so I can invest the $500k myself? Well lets look at somebody like Mark Zuckerberg. He may be worth close to $10b but the reality is the vast majority of that is in stock. If Mark tried to sell all his stock at the same time, the market would panic, the share price would drop, and he may get 1/10th of what he would have gotten if he had waited and sold the company for the full value its worth. The same is true if I wanted to sell my companies quickly. I can’t tell you whether I am worth less than $10m or more than $100m, all I can tell you is that I have 45 companies, some very successful and some failures, but I know if I had to liquidate them to raise money I would probably be loosing 90% of the value I have spent ten years creating.

But why ask an investor to risk their money when you could invest your own? Well ultimately an investor is taking an educated bet on an investment. I have been a seed investor in many companies myself, and I know that maybe 1 in 10 will be successful, but you hope that 1 will pay for the rest, and normally it does, otherwise people would not do it!

Ignite needs to raise money, and to do so we have to push everything to the limit including our partners. It may seem that it is unfair to get our partners to take that risk with us, but ultimately business is business and they are taking the risk with us to get a profit in the end. Everything in business is about taking the right risks.

6 comments
jh102289
jh102289

I'm not a fan of Sarah but what you did was typical, for that you loss major points with me I find what you all do so interesting but i have to say I'm not liking your ideas!!!

sabe785
sabe785

You did not deny that you called your friend a stalker so I agree with Sarah that it was true. I know Sarah is loco but you do need to stop treating women like that. It will come back to haunt you.

balharbour
balharbour

You need to leave poor Sarah alone Ben.  You keep hurting her and making her think you are interested and then you throw her out of your house (probably after inviting her over).  That just makes you look bad.  I think you need to work on making the inside of Ben as attractive as the outside of Ben.  Also, don't you think being so attractive comes with a certain responsibility not to lead these poor girls / David on the way you do?  My heart went out to Sarah when you all threw her out of the party so publicly - that was a real mean move Ben and your too attractive to behave like that. 

withak
withak

Ben, Congratulations on the funding to you and Hermoine, but you two need to get separate lives or you are going to lose the love that brought you together. Hermoine is a more free spirit and more creative while you, Ben, are much more cerebral and structured. You also want to chase ladies and Hermoine is going to thwart you at every turn! Kathryn

Forreal123
Forreal123

It's evident that you and your sister grew up in different homes because you have different attitudes toward money.  Your offering to lend some money to David, despite scouring for investors for your project, shows that you value friendship more than money.

Jade333
Jade333

 @balharbour

 Poor Sarah?  They went out on 1 date... Ben did not tell Sarah that he wanted an exclusive relationship with her and that he was not seeing anyone else.  Ben may have down played his other relationship, but Sarah told that girl about the stalker comment to be hurtful.  Sarah did not care about that girl one bit and just wanted to make her feel bad.