Meet couple, who once went broke, later sold their startup for whopping Rs 210 crore, their business was…

Kass and Mike Laserow, the founders of Golf.com

A couple in the United States were broken immediately after selling their initiatives. But they managed to get it back and then sold it for $ 24 million or about 210 RS Crore. In 2000, Mike and Kass Laserow sold Golf.com, an attempt to Chipshot for $ 500,000. However, as a funding round failed and lost US $ 25,000 (or 21 lakh) in double life savings, things went to the south. Let’s give you information about incredible success stories.

How did laserows go bankrupt?

According to CNBC Make It IT, Lazerows launched a Golf.com, an online platform for entertainment golfers in 1999. In a year, they sold the e-commerce company to Chipshot. However, when Chipshot could not provide any further financing, he went bankrupt, but also lowered Golf.com. However, they did not want to give up their Mike and Kasses attempts. Within a few months, the duo gathered a new investment group and managed to revive the company for $ 500,000.

How did the couple back the attempt?

For the next two years, at one point, the company descended to only four employees and remained on the edge. However, in 2001 and 2002, the legendary golfer Tiger Woods consecutive masters made a big turn and led to an increase in Golf.com’s popularity. Golf Magazine’s publisher Time Inc., until 2006, Golf.com has purchased a surprisingly $ 24 million dollars. The company’s three founding partners, including Mike and Kass laserow, received $ 1.8 million from the big agreement. Reflected on the hurricane journey, Kass Laserow said, “To be successful, the founders need a tolerance for the pain, which is absolutely higher than most people entering the market today.”