Did Whitlock get scammed?
It seems like he is implying they were being funny with his money.
If someone said they were investing $500k and then took it off the table while still being paid $42k a month, I’d be upset too.
Front office Sports has the scoop.
FOS: Why did you leave OutKick? Travis wrote you wished to carve your own career path — as opposed to being a partner at Outkick.
JW: Clay and our third partner, Sam Savage, misrepresented the business of OutKick. Both Clay and Sam told me directly (and my lawyer in writing) that Sam’s equity stake in OutKick was contingent on Sam investing $500,000. Shortly after I arrived at OutKick, my lawyer was told that things were going so well financially that Sam no longer needed to invest $500,000 to get an equity stake in OutKick.
I objected. I confronted Clay and Sam about it. Clay said that he didn’t want to waste time or energy pursuing Sam’s investment.
I found this preposterous and baffling. My equity in OutKick was based on “sweat.” I believe my “sweat” is far more valuable than Sam’s. Sam, of course, disagreed. He told me that my arrival at OutKick was a “kick in the nuts” and that all three of us should own one-third of OutKick.
Sam refused to pay the $500,000 and his consulting firm, Savage Ventures, charged OutKick $42,000 a month for work that I deemed amateur. In my view, Sam Savage, the person with the smallest stake in OutKick and the least amount of value, exercised the most control over the company.
I told Clay in November that I was going to exit OutKick unless Savage invested the $500,000 he committed and we backed away from using Savage Ventures. It was a bad business deal, a byproduct of my failure to properly vet my business partners.
FOS: Citing a source, The Washington Post reported you paid $500,000 for an equity stake in OutKick. True?
JW: Totally false. I paid no money to partner at OutKick. The writer was fed bad information by his “source.”
Whitlock went on to say he was a dragon or something, so he can’t be with birds.
Whatever the case he will land on his feet because he is black man who talks down to black people so I wouldn’t be too concerned about him.
Flip the page for video of him on Outkick.