Worth €67 Million On Paper, Firing Staff The Same Week | Chris J Reed, Black Marketing
In 2016, Chris J Reed was worth 67 million euros.
He couldn't touch a single one of them.
Chris had built Black Marketing from nothing in Singapore. Three profitable years in, one of the founders of a roll-up called The Marketing Group approached him with a plan: buy four agencies, list on the Nasdaq in Sweden, scale everybody. Chris said yes. He owned 25% of a company that hit a quarter of a billion euros in market cap inside two months.
Then he tried to borrow against it. Ten banks said no. Not one of them thought it was a substantial company.
While the share price was climbing, the actual…
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