Evidence receipt / prediction
Published · transcript-backedDavid Rosenthal: prediction
25 Jul 2023 Acquired Nike
“I think, originally, Bowerman says 50/50, then he sleeps on it, and he comes back with his lawyer and he says, actually, let's do 51/49.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- prediction
- Recorded
- 25 Jul 2023
- Publisher
- Acquired
- Episode
- Nike
Transcript context
…And real partners, 50/50-ish. It's not like I want you to toss me a percent here or there for being an advisor or something. It's like, okay, great co-founders. Just like that. Phil's like, what's the deal you have in mind? I think, originally, Bowerman says 50/50, then he sleeps on it, and he comes back with his lawyer and he says, actually, let's do 51/49. I want you to have 51, me to be 49 because I don't really want to be involved here. On the one hand, this is super exploitatory of Bowerman of his old athlete that still obviously looks up to him like a father. It's like there weren't really VCs yet in this era, but when there would be VCs taking 50%, 60%, 70% of the company. On the other hand, this is a no brainer yes for Phil. Right, he's giddy about it. He's like, oh, only half the company, great.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.