Four years ago Noah Kagan who was employee #30 at Facebook, purchased Sumo.com for his company that was using SumoMe.com. In a podcast it was explained that Kagan paid $500,000 upfront and $1 million over the next five years. Noah Kagan explained that paying over 5 years made sense to him, 16,000 a month, they pay much more for hosting. You can listen to that podcast here.
What Kagan did a month ago was pretty cool. He bought a business on Flippa and gave it to one of his YouTube subscribers. Flippa wrote about the transaction.
Here is the YouTube livestream, as one commenter noted Kagan just created the generation z version of shark tank and didn’t even realize it.
If you have the time it’s a good watch.
