community
June 5, 2008
An Entrepreneur Buys His Company Back
It's a pretty common story: an entrepreneur raises money from VCs, and then isn't happy with the direction the investors take the company. In our latest issue, we have a story about one such entrepreneur, who ultimately decided to buy his company back.
CEO Panos Bethanis recruited ten of his close friends--who had all helped him build the company, DirectoryM, in the first place--to join him in the deal. But to do it, they had to take on $4.5 million in debt, which they're still repaying. Was it worth it? Read the story, and let us know what you think, at mail@inc.com.
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