Wealth building: An entrepreneur sells his software business
Last March two of the most exciting moments in John Gravely's life happened at once. His daughter, Taylor, was born, and - via his cell phone from the hospital - he worked on a $6 million deal to sell his software company.
It's a story most entrepreneurs dream about, but - like a new baby - the arrival of a new fortune brings with it monumental responsibilities and sleepless nights. Gravely, whose deal required that he stay on at c360 (c360.com), the Atlanta software company he co-founded in 2001, for a period after the sale, says his primary concern hasn't been buying a boat or picking out a plane but ensuring that the company stays in good shape.
He's also focused on protecting his new wealth - 40 percent of which was issued in stock in CDC Corp. (cdccorporation.net), the publicly traded Chinese company that bought c360.
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