Chapter
The Difficulties of Laying off Employees During a Business Deal
54:22 - 58:51 (04:29)
During negotiations with Fox for the Family Guy deal, the company realized they needed to downsize in order to stay afloat. However, they couldn't do so until after the deal with Fox had been signed, and they had paid the $10 million licensing fee.
Clips
The co-founder of The Ringer, Bill Simmons, and the CEO of F3, John Hodulik, discuss the importance of persistence in business negotiations and how it helped secure a deal with Fox.
54:22 - 56:47 (02:24)
Business
Summary
The co-founder of The Ringer, Bill Simmons, and the CEO of F3, John Hodulik, discuss the importance of persistence in business negotiations and how it helped secure a deal with Fox.
ChapterThe Difficulties of Laying off Employees During a Business Deal
Episode#1 - From making $76k at Microsoft to selling TinyCo for $100M+
PodcastMy First Million
A game development company decided to lay off almost half of its employees before they could continue with their "Family Guy" deal with Fox.
56:47 - 58:51 (02:04)
Game Development
Summary
A game development company decided to lay off almost half of its employees before they could continue with their "Family Guy" deal with Fox. This was due to the need for financial funds as part of the deal with Fox.