How do you become a millionaire in the hobby rocket business?
Start with two million.
Yep. If I ever hit the lottery I'm going to open a rocketry business and run it until I'm broke.![]()
Or you can start with nothing and be content with just paying for the hobby...How do you become a millionaire in the hobby rocket business?
Start with two million.
Related: "How do you make a small fortune in racing?"
Start with a large one...
I flew many Roadrunner motors, probably 100 of them or so. I was a beta tester during their development. They were important to the hobby - they forced AT to upgrade their 29mm motor product to compete. RR motors were injection molded, had built-in thrust rings, and came with real ignitors. I never had a single CATO in the dozens I flew. I only have one left and I hate to fly it but I eventually will.
So even though RR is gone, the benefits the motors brought to the hobby are still with us.
Tony
Is that the sale when Gary had to pay an extra $100,000 because the bankruptcy judge thought he misled the court? Or am I remembering it wrong?From what I heard the person who started Roadrunner motors did so after he lost out in a bidding war to buy AeroTech.
That's just car racing.
Boat racing takes it to a whole new level.
As someone once said:
- You want to know what sailboat racing feels like?
- Dress into your best cloths, step into the shower, turn on the cold water only, and start tearing $100-bills one every 5 seconds.
- Exit when you have had enough, or had run out of $ bills.
And that, gentlemen, is why these are called hobbies!
Having done both I can agree that sailing is much more civilised.And to simulate windsurfing, you do the same as above except every 5 minutes you throw yourself against the shower wall as hard as you can.
Is that the sale when Gary had to pay an extra $100,000 because the bankruptcy judge thought he misled the court? Or am I remembering it wrong?
Tony
Wow. Sorry to hear that.The stress of the episode eventually contributed to the death of my wife IMHO.
Same with drag racing!How do you become a millionaire in the hobby rocket business?
Start with two million.
Wow, that is terrible to hear, I'm sorry for your loss. I didn't realize bankruptcy trustees got to keep the money they recovered, that's horrible he would do that.Not quite accurate. The trustee figured out a way to extort more money out of the sale with false accusations. It then came down to us having to make a risk assessment of legal fees vs. settlement with the trustee. The stress of the episode eventually contributed to the death of my wife IMHO.
Wow, that is terrible to hear, I'm sorry for your loss. I didn't realize bankruptcy trustees got to keep the money they recovered, that's horrible he would do that.
Tony
That's what I remember, that the claimants got very little to nothing from when Gary bought the company back out of bankruptcy. I remember thinking how strange it was that the owner of a company can declare bankruptcy, discharge all those debts, and then buy it back for a fairly nominal amount. Didn't' the company that was building the replacement building also go bankrupt? It was a long time ago so my memory is a little fuzzy.They don’t keep it all, but they and their attorneys get a lot. Very little was distributed to claimants.
When I was single I had a small house, 2 Ducati 900’s (Vintage racing) and Contessa 32. Got married (me 49 — her 33), had a child (at 50). Now I have boxes of old (racing) gear (motorcycle & sailing), a much bigger house with a mortgage, noThat's just car racing.
Boat racing takes it to a whole new level.
As someone once said:
- You want to know what sailboat racing feels like?
- Dress into your best cloths, step into the shower, turn on the cold water only, and start tearing $100-bills one every 5 seconds.
- Exit when you have had enough, or had run out of $ bills.
And that, gentlemen, is why these are called hobbies!
That's what I remember, that the claimants got very little to nothing from when Gary bought the company back out of bankruptcy. I remember thinking how strange it was that the owner of a company can declare bankruptcy, discharge all those debts, and then buy it back for a fairly nominal amount. Didn't' the company that was building the replacement building also go bankrupt? It was a long time ago so my memory is a little fuzzy.
But it's clear that AT seems to be doing well now and is bringing out some interesting new motors, so that's been good for the hobby.
Tony
Shall we elaborate on working the foredeck on a race boat ... Starts out very much the same except you probably don't have the $100 bills. But you add:That's just car racing.
Boat racing takes it to a whole new level.
As someone once said:
- You want to know what sailboat racing feels like?
- Dress into your best cloths, step into the shower, turn on the cold water only, and start tearing $100-bills one every 5 seconds.
- Exit when you have had enough, or had run out of $ bills.
And that, gentlemen, is why these are called hobbies!
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