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deleted1194034
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This sounds like a much more reasonable estimate, though a 1/3 of the company just for his clout still seems questionable… regardless, he hasn’t had to lift a finger since.Actually, if we check public records and make some reasonable assumptions, we can make a very decent guess of what he did make. Spoilers, it's not 30MM.
* Crunchbase (which is pretty accurate) says FanFix sold for $65 million to SuperOrdinary.
* They took a seed round and (apparently) no other funding. Seed rounds take 20% as a rule.
* There were at least 20 random employees. By convention the first ~20 non founders tend to get between 0.25% - 1% each, as compensation for you paying them next to nothing. This goes up to 2-3% for a good VP. About 10% in total is the norm.
* IMO Cameron was probably added mostly for name recognition. This makes me skeptical of an even 33% split between the founders, but maybe. I'd say his stake was 20% at the low end, 33% on the high end.
So Cameron starts with between 20% and 33% of the company. After you take funding and other stock grants into account he ends up owning between 14% and 23% of the stock.
So that is $9 million on the low end and $15 million on the high end. His taxes are capital gains, so 20% for federal and about 12% for state. There are countless loopholes for him to reduce this, but if he didn't then he takes home something between $6 million and $10 million.
Someone else said he was worth 20M before… not a chance. Single digit M maybe… he had some very lucrative brand deals and and didn’t spend wildly, but he bought out Magcon that fizzled and the Music Label canceled his contract, who knows how much he lost on that. He apparently does angel investing and maybe got lucky there, but that’s a risky venture.
Always interesting to speculate… hopefully he’ll come out of retirement one day and give us some new thirst traps.
dont remember seeing this pic before…