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What's the buyout you were considering?" I'm thinking ten years. Using one billion as a number I would think around ten would be a good price to buy it out. That would mean their investment would double every three years or a twenty-five percent compounded return. I would want to structure it such that I could buy out anytime in the first ten years at ten and then up to twenty years at the double every three years rate, prorated." I would invest at that rate." He said.We shook on it, reminded him of the NDA, and I told him my projections."I want to rock the world and the infrastructure. This should take three years to see positive returns. It will make money after three years but still have debt. I can drop the price of services ten percent to steal business and still make a twenty to thirty percent profit margin. Invested back into the company, it will take two to five years to eliminate all the debt and then all the savings to pay off the investors will turn into profits. All the. ”“Well I was wondering if you would like to fill out a foursome this Saturday at my club.”“Sure, what time?”Steve told him and there was some additional chit chat before the call ended.On Saturday it was close to a two hour drive for Joel to go to Steve’s club. Joel didn’t mind doing the drive because it isn’t that often he has a chance to golf at a golf course rated in the top one hundred in the country.Joel was a little early for the tee time and was on the putting green when he saw Steve along with his wife and another lady coming towards him.Steve said, “Joel I am sure you remember my wife Valerie.”“Of course I do, she is the one who interviewed me for the program.”Steve continued, “And this is Taylor Lang, she is the head of the accounting department at the Wilkinsing foundation division that Val is the CEO.”Joel shook hands with Taylor and liked what he saw. She was about his age, give or take and had a pretty face along with an attractive figure she was subtly advertising by.
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