Recently I was looking to raise half a million dollars to develop a new technology in a subsidiary created for that purpose. I called Meyer on my car phone on the way home from work and asked if he could recommend any investors for this proposition.

“What’s wrong? My money’s not green enough for you?” he asked.

“No,” I replied. “I just didn’t want to hit you up again.”

“Well, how much would you like me to put in?” he countered.

“I guess a hundred and fifty thousand would be okay,” I said.

“Too much,” he toyed with me. “I had a rough day in the market.”

“Okay, Meyer,” I replied, taking the bait. “How much do you want to put in?”

“Do you have a coin in your pocket?” he asked.

“Yes,” I answered.

“Well, take it out and look at it.” Trying to steer the car and examine the coin at the same time, I informed him I was looking at it. “Okay,” he devilishly responded. “Now I want you to flip it. Heads, I’ll give you a hundred thousand for one percent; tails, fifty thousand for half a percent.”

“Meyer,” I reasoned, “do you really expect me to tell you the truth?” I said.

“I know you won’t lie to me,” the sly fox told me.

“Okay, Meyer. Listen, how ’bout we just compromise?”

“Fine,” he said. “I’ll give you seventy-five thousand for three-quarters of a percent. Write it up, send it to me, and I’ll get you the check.”

“Meyer,” I told him, “I don’t know if I’d invest in me.”

“Why not?” he asked.

“I’ve got no balls,” I said, laughing.

“I’d rather do business with someone who sees the downside,” he countered, and the phone clicked off. As I said, Meyer is one of a kind.



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