Haven't seen this covered in other forums: whilst I am pursuing my own ideas I have recently come across people (I know them through work) who did the following:
1. Bought companies in administration/receivership (i.e. distressed). Two guys invested 300,000 into the business (telecoms) and turned it around. They are now exiting the business and have had offer of circa 16m-18m. It took them over the 6 year time frame the Fast Lane espouses but not much - less than 10 years. The other has bought a Spanish company about to go under (he and his "co-founder" invested 170,000 in total). They are likely to have a multiple of low millions at the very least based on the concept of the company.
2. Invested in an AIM (Alternative Investment Market - a sub market of the London Stock Exchange) listed company. He was already wealthy (an investment banker). He bought shares in the company for 1m and they are now worth (18 MONTHS later!) 6m.
It's an open thread/all thoughts welcome but starting point I guess is: does anyone know others who've done this? And how do you go about identifying the right company? The risks are obvious: you make a bad punt and it goes no-where but the upside to something that is not squarely in the FastLane (i.e. starting your own business) yet has the potential to get you there in the same time frame. Look forward to reading everyone's thoughts
1. Bought companies in administration/receivership (i.e. distressed). Two guys invested 300,000 into the business (telecoms) and turned it around. They are now exiting the business and have had offer of circa 16m-18m. It took them over the 6 year time frame the Fast Lane espouses but not much - less than 10 years. The other has bought a Spanish company about to go under (he and his "co-founder" invested 170,000 in total). They are likely to have a multiple of low millions at the very least based on the concept of the company.
2. Invested in an AIM (Alternative Investment Market - a sub market of the London Stock Exchange) listed company. He was already wealthy (an investment banker). He bought shares in the company for 1m and they are now worth (18 MONTHS later!) 6m.
It's an open thread/all thoughts welcome but starting point I guess is: does anyone know others who've done this? And how do you go about identifying the right company? The risks are obvious: you make a bad punt and it goes no-where but the upside to something that is not squarely in the FastLane (i.e. starting your own business) yet has the potential to get you there in the same time frame. Look forward to reading everyone's thoughts
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