Episode

I Sold My Company for $10 Million. I Didn't Get $10 Million.

Podcast
First Smoke of The Day
Published
Sep 21, 2026
Duration seconds
1073
Processing state
not_requested
Canonical source
https://shows.acast.com/first-smoke-of-the-day/episodes/i-sold-my-company-for-10-million-i-didnt-get-10-million
Audio
https://sphinx.acast.com/p/open/s/60b5cb4644938a0013db1ecf/e/6ab1843ad00a4eacd5c417d3/media.mp3
JSON
/v1/public/podcasts/first-smoke-of-the-day-3952642/episodes/i-sold-my-company-for-10-million-i-didn-t-get-10-million
Markdown
/podcast/first-smoke-of-the-day-3952642/i-sold-my-company-for-10-million-i-didn-t-get-10-million.md

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Summary

Full episode is up at fsotd.com Harrison sold his company for $10 million. A third of it was cash and two thirds was stock. Then the stock fell from around $8 a share to $1. In this episode he breaks down the full acquisition. The buyer had just purchased three of his biggest competitors, and when the offer came in around $9 million, he said ten or he walks. They agreed. What followed was two years nobody saw: a seven figure tax bill on money he didn't have yet, staff who couldn't be told about the deal in advance, and a real possibility of walking away with a fraction of the headline number. He also talks about the $15 million valuation offers he passed on years earlier, the non-compete that kept him out of the industry he loved, and what the money actually changed once it finally landed. Hosted on Acast. See acast.com/privacy for more information.