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"You make $1mm in 20 years", or "You make whatever is left after taxes & expenses"?

The latter, clearly :).

Anyways, the point was well taken; he did undersell his IPO. Newcomers on the block will surely learn from him and offer shares for more inflated prices ;).

In fact, his IPO earned him a pittance <$1k (nine-hundred and something shares sold to 'friends and family').



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