Talk About Missed Opportunities

ManjaroKDE

ManjaroKDE

Member
Back in the late 60's early 70's my brother and I had a chance to invest in a new company startup. One of my brother's fraternity (Phi Kappa @ USU) member was trying to get seed money to go public with his ideas. His name Nolan Bushnell. The offer was a 1/10 share of his startup for a measly $10,000. Of course me with a son and new daughter had to pass. Trying to come up with $10,000, or even half was akin to flying with the pigs.

Not only that a year or 2 later we had an offer from Dee Glen Smith (a close friend of our fathers) to start up a distribution for beer and soft drinks, he offered to finance the venture if we wanted to start and manage the business. Dee was the creator and CEO of Smith's Foodtown/a future division of Krogers.

I only have myself to blame for my missed opportunities.
 

Pepper said:
Couldn't finish reading this. Began having chest pains. If it's possible!!!---Forgive yourself!
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On a brighter note I did miss a chance to do a smaller deal. One day my bro came told me if I can come up with $500 (which was doable) he can double it in a few days. After listening I decided to pass again. He was going to buy MJ from a contact in So Calif. Months later I read about the biggest drug bust up that date. Asked my bro did he ever double his money, 'Hell no! The buyer got busted and everything was confiscated', I then asked do you get your money back on that type of deal?
 

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Back in the early 70's, my boss told me that a few years earlier for less than $10,000 he would have had the chance to get a 1/16 interest in a struggling 2-restaurant "chain" that wanted to expand. He passed it up. The restaurant was Steak and Shake. I'm sure he never stopped regretting that.
 
For several years, my brother-in-law kept telling my husband and I how foolish we were to have passed on this great investment opportunity that was making him so much money. We had to listen to him time and time again, until the whole thing blew up in his face. He had invested with Bernie Madoff. What was so funny was that people started telling us how smart we were, how much foresight we had in having refused the offer - when the simple truth was, we just hadn't been able to come up with enough money to buy in.

I DO NOT regret that missed opportunity...
 
No. Nobody wanted a few bucks for a half share in Microsoft. Nor did some guy want to sell me half of something called McDonalds. My only business opportunity was to go half-cies in a kilo of marijuana. I passed.
 

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