Human IPO: Man Sells Himself for $10,000 | TigerDroppings.com

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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
4146 posts

Human IPO: Man Sells Himself for $10,000



LINK

quote:

Merrill started out by selling 929 shares to twelve of his friends. He paid $500 to a web developer to create a site with an online trading and voting platform. Within five years, Mike sold over 3,700 shares of himself and his stock price hit a high of $20.


quote:

Shareholders voted down a vasectomy, decided he would wear Brooks Brothers exclusively, that he must be a vegetarian and vote Republican. He even granted voting members the rights to his romantic life, approving every date he goes on and every girlfriend.


quote:

When Merrill received a $100,000 life insurance policy through his job, shareholders voted that the money would be split amongst them when he passed away.


Is this real life?







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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
4146 posts

re: Human IPO: Man Sells Himself for $10,000


Another snippet from the article:

quote:

Merrill has faced some personal issues due to his highly public life. His live-in girlfriend left him because she didn’t have a say in anything he did. Shareholders often vote down choices he wants to make, like working out more and eating meat. Merrill identifies as a straight male but shareholders have voted for him to go on a date with another man and with a polyamorous woman.


So, is $10,000 worth going on a date with another man?







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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22208 posts

re: Human IPO: Man Sells Himself for $10,000


Yeah I'd conservatively put my worth at mid seven figures. Any takers?





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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
9348 posts

re: Human IPO: Man Sells Himself for $10,000


OK, this case is ridiculous, but I think I like the idea in general.

I turn 18 and need money to start my life. I sell shares that give someone else a piece of my future earnings and net worth. And I give them limited rights (unlike this guy did) that say, restrict what kind of work I do or where I can live.

Of course, I'd want a call option on every share so I have the ability to buy my life back once I'm on my feet



This post was edited on 4/17 at 10:45 am


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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts

re: Human IPO: Man Sells Himself for $10,000


This is by far the most interesting thing I've read in a long time.





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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
9348 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

This is by far the most interesting thing I've read in a long time.


I was kind of thinking the same thing

I mean, this guys situation is all messed up, but the concept could be pretty innovative.






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white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2965 posts

re: Human IPO: Man Sells Himself for $10,000


if the shareholders manage the "company" well (he gets an education, a good job, and starts making a decent income), will they get a percent of his income (dividends)?



if so, this may be another way to make money, find someone who you think will be successfull, buy some of their "shares," and hopefully profit in the future.







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LSUAfro
LSU Fan
Baton Rouge
Member since Aug 2005
10483 posts

re: Human IPO: Man Sells Himself for $10,000


I agree. Interesting.





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white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2965 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

I agree. Interesting


and to take this further, could you invest in groups of people. Could I pick out a school that has a good record of successful students and invest in them all collectively, or conversely, could I invest against certain schools/groups of people if I think they are overvalued?

This could get ugly real quick.







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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
9348 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

if the shareholders manage the "company" well (he gets an education, a good job, and starts making a decent income), will they get a percent of his income (dividends)?


I was originally going to say sure why not, but after thinking it through I don't know. You'd have to figure out who decides how much and when (is it the shareholders or management ie: the person).

If I knew my shareholders could force me to pay dividends whenever they collectively agree I might not have any incentive to get past a certain income level.

That's a tough question.






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Cold Cous Cous
LSU Fan
Obvious and pointed jeering
Member since Oct 2003
13878 posts

re: Human IPO: Man Sells Himself for $10,000


1) This is effectively what student loans are, except the gov't has totally messed up the actuarial part of student loans.

2) Yale did this one year. No tuition; just pay us 1% (or something) of your salary after you hit age 30. Problem is, it was voluntary, and the people who opted in were the people who weren't looking to make bank anyway, so there was a self-selection problem.

Here is an old article on it; I know there have been more recent follow ups
LINK






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slackster
LSU Fan
Houston
Member since Mar 2009
6599 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

and to take this further, could you invest in groups of people. Could I pick out a school that has a good record of successful students and invest in them all collectively,


I like the idea of investing in groups of students, let's say at Ivy League schools, and have them under contract to pay a certain percent of their taxable income to the shareholders beginning at some specified age. Somewhat like a student loan, only different.






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white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2965 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

I like the idea of investing in groups of students, let's say at Ivy League schools, and have them under contract to pay a certain percent of their taxable income to the shareholders beginning at some specified age. Somewhat like a student loan, only different.


we should start this business







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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

if so, this may be another way to make money, find someone who you think will be successfull, buy some of their "shares," and hopefully profit in the future.

I believe these people are called managers or agents to athletes, musicians, actors, etc. They have a stake in the person they are managing and have a direction of where that "company" will go.



This post was edited on 4/17 at 3:44 pm


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Putty
LSU Fan
Member since Oct 2003
21457 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

we should start this business


chapter 7...reset....thanks for the free money.






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
57242 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

chapter 7...reset....thanks for the free money.


Lawyers. Pfffft






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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
9348 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

This is effectively what student loans


I don't see how. It's equity versus debt.

quote:

Yale did this one year. No tuition; just pay us 1% (or something) of your salary after you hit age 30


Ill have to read the article when I get home But I think the problem is that Yale gave all of the students the same amount of money regardless of earning potential.






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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
9348 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

chapter 7...reset....thanks for the free money.


Meh...same thing happens with unsecured debt which is far easier to get than this would be.






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HailToTheChiz
Auburn Fan
Where UAB Died
Member since Aug 2010
8939 posts

re: Human IPO: Man Sells Himself for $10,000


uh, where can i buy some shares?





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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22208 posts

re: Human IPO: Man Sells Himself for $10,000


I wonder what the NCAA would do if a 5 star athlete did that?





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