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Human IPO: Man Sells Himself for $10,000
Posted on 4/17/13 at 10:12 am
Posted on 4/17/13 at 10:12 am
LINK
Is this real life?
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?
5
Posted on 4/17/13 at 10:14 am to OnTheBrink
Another snippet from the article:
So, is $10,000 worth going on a date with another man?
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?
Posted on 4/17/13 at 10:39 am to OnTheBrink
Yeah I'd conservatively put my worth at mid seven figures. Any takers?
Posted on 4/17/13 at 10:43 am to OnTheBrink
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
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 4/17/13 at 10:45 am
Posted on 4/17/13 at 1:02 pm to OnTheBrink
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.
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.
Posted on 4/18/13 at 9:27 pm to OnTheBrink
Edit your title.
That means his IPO was for $100K, not $10K.
This means he only sold 3.7% of the initial issue. Looks like he still has 96.3% of the voting stock so he has nothing to worry about.
quote:
decided to split himself into 100,000 shares and set an initial public offering price of $1 per share.
That means his IPO was for $100K, not $10K.
quote:
Within five years, Mike sold over 3,700 shares of himself and his stock price hit a high of $20.
This means he only sold 3.7% of the initial issue. Looks like he still has 96.3% of the voting stock so he has nothing to worry about.
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