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How to Find Fortune In “Little-Known” Companies
How to Find Fortune In “Little-Known” Companies
Written by Jason Simpkins
How many times have you heard about a millionaire or billionaire who struck it big on a “little-known company” that turned into a mega-giant?
Take Google, for example.
Everyone knows that if you invested any significant amount of money in the search giant when it went public in 2004, you’d probably be a millionaire by now.
But what about the people who invested in Google back in 1998? They made even more money, and they made it a hell of a lot sooner.
Amazon’s Jeff Bezos was one of those investors. He plunked down $250,000 in 1998. Andy Bechtolsheim (founder of Sun Microsystems) also made a six-figure investment in August of that year. There were other, lesser-known names too: Ram Shriram, Ron Conway, David Cheriton.
They all made billions off their investments.
Here’s another example: David Choe.
Choe was a graffiti artist with a criminal record when a little-known company called Facebook paid him to paint the walls of its first office. But instead of getting paid in cold, hard cash, Choe accepted private shares of the company. This was in 2005, mind you, a full seven years before the social media pioneer went public.
Choe is now personally worth more than $200 million. Not bad for a little interior decorating.
You don’t necessarily have to get in pre-IPO, either.
Sure it helps, but it’s not a prerequisite.
To continue reading please click link http://www.outsiderclub.com/how-to-find-fortune-in-little-known-companies/2124