Carvana’s current market capitalization is $840 million.
The founder cashed out $3.6 billion in shares at the height of the bull market [1].
Lesson: You can sell BS, light money on fire and make no profit, and still come out on top…Just ask Uber’s Travis Kalanick (cashed out $4B), Postmates’ Bastian Lehman (sold startup for $2.7B), Adam Neumann (got a $1B payout after burning through many billions), etc.
The founder cashed out $3.6 billion in shares at the height of the bull market [1].
Lesson: You can sell BS, light money on fire and make no profit, and still come out on top…Just ask Uber’s Travis Kalanick (cashed out $4B), Postmates’ Bastian Lehman (sold startup for $2.7B), Adam Neumann (got a $1B payout after burning through many billions), etc.
1- https://nypost.com/2021/09/16/carvana-ceos-dad-goes-on-3-6-b...