A Risk vs Reward that REALLY paid off!

[Jon]

https://www.bbc.co.uk/news/business-47156317

When Andrew Michael was 17 he gambled on changing his life by spending £30,000 on his mother's credit card without her knowledge.

In 1997 he was living at home with his mum in Cheltenham, in the west of England, when he spotted a business opportunity.

Wanting to set up his own website with a school friend, the self-confessed "computer boffin" realised that very few of the existing web-hosting companies were aimed at small businesses or members of the public.

"All of the web-hosting companies in the UK at the time were pitched at much bigger companies," says Andrew, now 39. "But we saw that small businesses and individuals wanted something self-service and easy to use."

While his friend went off to university, Andrew cancelled his own plans for higher education to focus full-time on growing Fasthosts instead.

He ended up selling it nine years later for £61.5m. Aged only 26 at the time, his 75% share of the business meant that he pocketed £46m.

This the sort of story I like about someone taking a chance (although at 17 I doubt he understood the full consequences of what he was doing!) and it paying off big time!

Inspiring stuff or CRAZY RISK!!?!?!?!?

 

[BreeziOG]

I imagine he'd have made the news even if this didn't work out... on account of his mother having murdered him.

 

[katykicker]

Crazy risk!

 

[Topaz]

I would hope that the underhanded little git paid his mother a large sum to compensate her for his wrongdoings!
Now, if he had asked nicely, rather than stealing the money, Mummy might well have lent him the money willingly.

 

[The Reverend]

https://www.bbc.co.uk/news/business-47156317



This the sort of story I like about someone taking a chance (although at 17 I doubt he understood the full consequences of what he was doing!) and it paying off big time!

Inspiring stuff or CRAZY RISK!!?!?!?!?

Surely Fraud isn't a suitable risk/reward discussion.

Its like saying, "Should I steal cash from my employer and bet it all on black? If I win, I can put the cash back in the morning and no-one will ever know!"

Or

My kids has £2000 in its saving account and I want a new dress. If I take the money out of their account and buy the new dress, is that ok as long as I pay the money back before they know it is missing?

Or

This is a robbery! Put all your money in the bag and no-one gets hurt. I'm going to put the cash on the 1.15 at Aintree and if I win, I will give you all your money back.