"But before that happened, we were living hand to mouth." - One on One: Fred Wilson, Union Square Ventures - Bits Blog - NYTimes.com
And that sold for $3.5 billion. Were you instantly rich?
Before the sale, we were completely broke. We had to move out of New York City because we just couldn’t afford to live in the city. We had three kids, and I was barely scraping by to pay the mortgage.So you were essentially broke?
Yes, completely. Right before the Geocities sale went through, my wife went to the cash machine to buy groceries for the week and there wasn’t any money in our bank account. I told her to put groceries on the credit card because I knew we were going to sell Geocities the following week. But before that happened, we were living hand to mouth.
That's pretty crazy.
