By Prakash Nair
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Additional info for 30 Strategies for Education Reform
I had a house in [an expensive neighborhood], which my ex-wife got. As soon as I got the divorce, I scrambled Page 11 and bought the four acres in [a trendy semi-rural area] right away. Then I ended up buying 35 acres, which I sold because I needed it for some payments. I've always wanted to own my own property, buildings and everything. [At one point], I was strung out in four buildings. I wanted to get it together in one building. A couple times I had buildings available, [but wasn't able to move because] bigger companies took them.
Eleven of these were or were becoming public. Twenty of the sixty entrepreneurs had partners who were active in the company. Of these partners, six were co-founding spouses (one married couple jointly ran their company). Five had other family mem- Page 26 bers as active, equal partners: two with sibling partners, one with a son partner, one with a brother-in-law. In the nine non-family partnerships, six had more than one active partner. In addition to the one husband-wife company in which I interviewed both spouses, the sixty interviewees included two additional married couples, each spouse running a different non-family company.
Kind of diplomatically. He had enough problems at the waterbed maker. " He went and got an SBA guy to come in. I didn't want to sign an SBA [loan] for the [waterbed] company. I said he could have it. But he needed Page 9 the assets in my company to get his loan. I started to leave and he said, "Wait a minute," because he didn't want to be stuck with both companies. I ended up selling my shares [in the waterbed maker] to him for a dollar. But I really screwed up because I should have made some kind of deal with him on the [publishing company] stock.