Perhaps this should be considered a cautionary tale for anyone who wants to know the right and wrong ways to proceed with a business. The founder of Victoria’s Secret, Roy Raymond, made millions when he sold the company that he built. But that was nothing compared to the billions that he could have earned had he stuck it out and not let it go. Also, this was the only home run of an idea that Raymond had, leading him to later decide to kill himself.
There are at least two lessons that a person can learn from the experience of Raymond. The first is not to let go of your big ideas or at least try to see the rest of the vision. The second is to never give complete equity control over to another person. Black people can learn from this one too, since a black man built the backbone for the entire Internet and sold his technology for pennies on the dollars.
Techyvill.com tells more:
The Victoria’s Secret show costs more than $10 million to put on and is hailed as one of the most important fashion shows in the world. What is not so known about the company is the tragic story of its founder, Roy Raymond. Raymond started the company after being influenced by a shopping trip he’d just taken with his wife.
The saddest part about Raymond’s life is that he killed himself after not being able to participate fully in the potential of his company. Raymond opened the first Victoria’s Secret shop in Northern California in 1977. They named the company after the Victorian period during which their home was built.