Nick Symmonds worth $72 Million??

Who has tech experience and can tell us what Lukezic got in equity being on of the first ~5-10 people at AirBnB?

"An energy supplement that contains zero calories? .....what is this, the perpetual motion machine's fuel? "

Thanks for the good laugh!

He wasn’t a very senior level hire, so unlikely he got a ton of equity. It also would’ve been diluted somewhat by the various equity raises they’ve done. But even if he only has 0.1%, that’s still worth 35mm at the 35bn valuation they last raised money at assuming he hasn’t sold any shares.

Harambe wrote:

Who has tech experience and can tell us what Lukezic got in equity being on of the first ~5-10 people at AirBnB?

I do. He probably got 0.5-3.0% equity back then. It has probably diluted to 0.25-1.5% by now. Airbnb will IPO at $30-60 billion. Based on that, and assuming he hasn't sold much stock yet, he will be worth between 75 and 500 million dollars.

vbhjk wrote:

RunGum is shitty

What was the point of this? Did it contribute to the conversation?

I was talking to a perfectly reliable source and they told me Nick was worth 300 mil so there's that.

there is no way in hell Nick is worth $70M. i would doubt run gum is even in the black. its gum for runners. they got $800k and are now underwater.

>then he's easily the richest runner in history

Guaranteed Chris Lukezic is actually worth more. And his money is legitimate.

Coevett wrote:

Cuckoldistan wrote:

Almost all of that is tied to run gum and hes not really worth that much unless he sells the company. Hes still probably cash poor

If his company is worth that, then he's easily the richest runner in history.

I doubt if it's worth as much as that, although it must be doing quite well now given that some of Nick's YouTube videos get over a million views worth of advertising for Run Gum.

Ron Hill might be worth that.

Have you heard of a Mr Usain Bolt? Or indeed any professional sprinter before or after him?

Seb Coe is worth more than Symmonds without a doubt, and his salary is $0.

Not a chance he's worth $72 MM. But I admire his hustle and I suspect he's doing pretty well for himself!

Cuckoldistan wrote:

Run Gum is now in target and his videos are getting millions of views.

What??

What percentage of Nick's videos get over 1,000,000 views, let alone enough to warrant the general statement "his videos are getting millions of views"?

ThreadKiller wrote:

vbhjk wrote:

RunGum is shitty

What was the point of this? Did it contribute to the conversation?

What was the point of this? Did it contribute to the conversation?

Richolas Symmonds wrote:

Saw this in another thread. This website claims that Nick Symmonds has a net worth of $72 million. I call BS. No way he made all that running. He was always whining about how little runners actually make. How much of that would be from running and how much is Run Gum?

https://celebstrendingnow.com/nick-symmonds-net-worth/

I have spoken to their digital marketing team a year ago and they are definitely not making that much money. There is a reason Nick is doing tons of videos. There whole company is like 4 people just make enough to live....

Every blog online and market is bias and just inflates numbers so people talk and stay optimistic. It's all BS

Coevett wrote:

If his company is worth that, then he's easily the richest runner in history.

Um, Ever heard of Bolt?

The fee market at work

:-)

rojo wrote:

Coevett wrote:

If his company is worth that, then he's easily the richest runner in history.

.

Are you guys crazy? Chris Lukezic, who retired on LetsRun.com, just 10+ years ago is now worth A TON as he was one of the 1st employees of Airbnb.

https://www.letsrun.com/forum/flat_read.php?thread=3296796

Details here:

https://www.letsrun.com/forum/flat_read.php?thread=4156899

Now $72 million and $1.3 billion are probably both WAY off but I'd be shocked if Lukezic isn't worth way more than Symmonds.

Options don't always work as you think. Read this.

What about mark floreani of flotrack? They have received $58 million in funding for all of flocast. Or is the fact that they are constantly raising money and even fired one of the brothers proof that it’s worthless?

I have started several companies, mostly small sole-proprietorships. I did have a tech start-up. It ultimately failed. I was not cut out for leading a tech company, but I learned a lot from the experience. Once you take on funding or debt, you give up a piece of your company. In layman's terms, a cap table or capitalization table outlines who owns the company.; it lists the owners, by percentage. When you start a company with a co-founder, you may own 50%, or close to it. (We gave a small percentage to our law firm that helped with start-up paperwork.) As a founder, you are always trying to hold onto as much equity as possible. As you add key employees, you may give them a few percents in lieu of salary, especially highly skilled people. Taking on debt is always tricky. We had a convertible debt. At a certain date, the money we borrowed would either be paid back or converted into lender ownership of the company. That percentage is based on what is owed, and the current valuation of the company. Anyway, that business was a disaster for me, but I was able to make most of my current net worth in Real Estate, something I was investing in on the side. In the case of Floreani, he and his brother were co- founders. If they took on convertible debt, who knows what percent of ownership they have left, or how much it has been diluted. I think their best bet would be an exit where they were bought out. It's possible that a $100M purchase would just pay off debt and investors, with a small percentage actually going to Floreani. As for Run Gum, it is in Target and CVS, but is actually on all shelves? What happens if it gets bumped. If the valuation is based on that, then they are in big trouble if they can't stick, no pun intended. Hustle is a big thing, and in the long run, Symmonds will do just fine. I can't say I have the same confidence in Run Gum. It seems like the type of mistake that a good entrepreneur learns from...for their next company. As for firing the brother, it seems like they added some adults, and had to let one of the kids go. I think he screwed up a WWF partnership and lost a lot of investor money. Maybe that should tell you that the investors own the company now, and pull most of the strings.

is flotrack going bankrupt or worth 9 figures? wrote:

What about mark floreani of flotrack? They have received $58 million in funding for all of flocast. Or is the fact that they are constantly raising money and even fired one of the brothers proof that it’s worthless?

What are you talking about? All I said is that if Nick Symmonds is worth $72 then I thought he would easily be the richest runner in history. I then said I didn't think he was worth that and named Ron Hill as somebody who would likely be a lot richer.

I didn't know about these other guys like Christopher Lukezic.

The thread from 2009 of him announcing his decision to work at Airbnb is actually a classic read.

Most people on the forum had never heard of it, and he was basically announcing his decision to help build a for profit rival to Couch Surfers (which everybody had heard of) with the LetsRun community being invited to be almost the first guinea pigs, or at least the first 'community' (not sure if the community idea of Aribnb actually ever took off).

In typical LetsRun fashion, the first reply is from a troll named 'well son...'

Now if only he'd said something like - 'that sounds like an amazing idea. I'd be interested in investing a little in it. Here is my e-mail address....'.

A lesson to be learned for LetsRun trolls.

I also noticed that this being 2009, every other post still manages to include a reference to Alan Webb.