He sold for $2 billion, now he’s the compliance guy
The founder who once avoided compliance is now its most dedicated advocate.
The story
A founder sold his company to Visa for $2 billion but is now investing his own money to solve compliance issues he once avoided.
Source: fortune.com
Our reading
The founder says he’s risking his own money to solve the compliance problems that slowed his first company. It’s a noble cause, but the real kicker is that he’s now the guy who’s always the first to get the urgent email from legal. He’s not on a beach, he’s on a call with a startup founder who just got a notice about some obscure regulation in a market they’ve never set foot in. It’s like he’s traded one kind of stress for another, but now he gets to be the guy who says, ‘I know, I’ve been there.’ And the best part? He’s still the one who has to explain why the product isn’t compliant, even though he’s the one who sold the company for $2 billion. The irony is that he’s now the expert on the very thing he once tried to avoid. It’s a full circle of compliance.
