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Overnight Wealth Created By “Going Public”

There are probably only two legal ways to become instantly wealthy overnight—winning the lottery or taking a company public. While both rarely occur, the latter is a predictable and underutilized strategy by entrepreneurs and is attainable by even small or unprofitable businesses. Take Snapchat for example. It recently went public despite being unprofitable and still generated over $1 billion for the two founders who will still run and hold voting control for the publicly traded […]

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