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Ep. 602: Mike Salguero Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Recapitalization of a Company

At the end, my co-founder and I both, and we had sold some in secondary. At the last round we did, we were able to pull money off the table but we had something like 10% each. So we basically cornered ourselves into working a job. There was a whole bunch of investors who lost everything that they invested. It was a bloodbath. They're doing very well but the whole thing got recapitalized and changed.

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