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22:19
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Originally posted by Gasbox:
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Although I generally like to see founders remain on board retaining equity stakes. Only in my opinion of course, I do buy Chris and Eliot's reasons regarding workload, young families and in Eliot's case going through a divorce. Plus they are sitting on some tidy cash piles following their 9 years of work since foundering PPH. I also applaud the maturity of Chris over the last year, who I think has recognised the evolution of PPH from a startup to a cashflow positive growth company. This is where a CEO with operations skills is now needed as well as the entrepreneurial vision. I note a lot of founders can fail to acknowledge the operator shortfall in their skillset.
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I had only stumbled upon PPH a month or so before that podcast and always wanted to invest. after that podcast you mentioned I decided to double my investment. this company will be worth 20<100 billion within 5<20 years
