From what I know - and I do know a few people in the company - the other partner is still not fully paid. So it seems like the profits from the company are going largely there.
The company reached the the 15M in sales only 1 or 2 years ago - they were much smaller earlier. So there is no way $5M in cash.
Also, knowing how the company used to function, I think Mike Reining was really important to its growth, so it's really unfair to ignore his input.
If you look at the company story, at the time Mike had a really great career - working for Boston Consulting Group and later as the Head of New Ventures at eBay, where he worked on the Skype takeover (Google his Linkedin profile).
It was Vishen who was chased out of the US with the green card/visa requirements and Mike just was the only person who decided to team up with him, drop his position at eBay and set off to Malaysia to do something fresh.
It's safe to say it wouldn't happen without the German guy at all.
The company reached the the 15M in sales only 1 or 2 years ago - they were much smaller earlier. So there is no way $5M in cash. Also, knowing how the company used to function, I think Mike Reining was really important to its growth, so it's really unfair to ignore his input.
If you look at the company story, at the time Mike had a really great career - working for Boston Consulting Group and later as the Head of New Ventures at eBay, where he worked on the Skype takeover (Google his Linkedin profile). It was Vishen who was chased out of the US with the green card/visa requirements and Mike just was the only person who decided to team up with him, drop his position at eBay and set off to Malaysia to do something fresh.
It's safe to say it wouldn't happen without the German guy at all.