Oregon Man Becomes the First Publicly-Traded Individual

Thursday, April 18, 2013

A trader signals an offer in the corn options pit at the CME Group March 15, 2011 in Chicago, Illinois. U.S. stock and commodity prices tumbled following a sharp drop in Japan’'s stock market. (Scott Olson/Getty Images/Getty)

Imagine having to decide how much you're worth,  just as you're starting out in your career. You're fresh faced, have a ton of potential and energy, but you need some cash to start your move. All great entrepreneurs have face this quandary. Entrepreneur Mike Merill decided to just sell shares of himself to raise his start up cash and to whittle down his potential ideas into a viable business-- to find some direction. But his experiment took him in all sorts of directions - might it be a lesson at making sure you set your price right at the initial public offering? He set his initial share price at a dollar a share, offering a hundred thousand shares.  Initially 128 people bought shares, including Marcus Estes, who is an investor in Mike Merill's life

Imagine having to decide how much you're worth - just as you're starting out in your career. You're fresh faced - have a ton of potential and energy...but you need some cash to start your move...
All great entrepreneurs have face this quandary.
My next guest decided to just sell shares of himself to raise his start up cash and to whittle down his potential ideas into a viable business...to find some direction.
But his experiment took him in all sorts of directions - might it be a lesson at making sure you set your price right at the initial public offering?
Entrepreneur Mike Merill set his initial share price at a dollar a share ... offering a hundred thousand shares.  Initially 128 people bought shares ... including Marcus Estes, who is an investor in Mike Merill's lif

Guests:

Marcus Estes and Mike Merrill

Produced by:

Megan Quellhorst

Comments [3]

DK in BK

This segment was completely inane! With all that is happening in our world these days (and just in the last week) you choose to close the show with THAT story?!? I had to turn it off. You are better than that The Takeaway! Or are you?

Apr. 18 2013 04:02 PM
Angel from Miami, FL

My dad used to say, "Only boring people get bored."

He's never heard this excruciatingly boring story.

Apr. 18 2013 10:21 AM
Peg

This is a COMPLETELY STUPID enterprise

Apr. 18 2013 09:58 AM

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