At one point or another, we’ve all played What would you do with a million dollars? Well, here’s a new for you: What would you do with $180 million? Before answering that question, take a look at this, courtesy of the good folks over at KSL TV in Salt Lake City:
Video Courtesy of KSL.com
More from KSL TV below:
By Alex Cabrero
OREM — Head into Doba’s Orem offices, and the awards hit you right away.
There’s the one on the wall where Inc. magazine ranked Doba as the 23rd fastest growing private company in America in 2007.
Over on a shelf, in front of a conference room, there’s the 2007 award where MountainWest Capital named Doba the No. 1 fastest growing company in the region. There’s also a state award naming Doba one of Utah’s 100 emerging elite companies.
“We’ve been in business seven years,” said Doba co-founder Jeremy Hanks. “We link wholesale suppliers and manufacturers to online sellers.”
Even with all that growth, though, Hanks wasn’t prepared for what one of his co-workers told him last Thursday morning.
“I got here, and he said, ‘Jeremy, there’s $180 million in the Doba sweep account that just showed up,’” Hanks said.
Doba controller Ryan Zirker took a computer screen shot of the transaction as a memory
On a computer screen was the evidence: $180 million in two transactions.Ryan Zirker, Doba’s controller, was the first to notice all that money.
“The first thing I did in the morning, like I always do, is log onto our accounts to make sure our money is where it’s supposed to be. When I saw it, my jaw dropped,” Zirker said. “Thoughts start running through your head. You’re like, ‘Wow, I don’t really need to come to work tomorrow. We’re going to get a big bonus, a pay raise!’”
Hanks was thinking of a trip to Wendover or Las Vegas, until he told his friends about the money.
“I have a lot of friends who said, ‘You’re not thinking big enough.’ That’s enough money, you could buy a Gulfstream G5 private jet, pay cash for the jet, and fly anywhere in the world with that money and still have massive amounts of money left over,” Hanks said.
Of course, Hanks and Zirker knew their bank, Zions Bank, had made a mistake. Sure enough, within a couple of hours, Zions Bank corrected that mistake. The transactions and the daydreams were gone.
“If it was an extra 10 grand, maybe it sits there for a few days, but somebody was missing a lot of money,” Hanks said.
A spokesperson for Zions Bank admitted the bank made a mistake and said the money wasn’t actually in Doba’s account. The spokesperson compared it to when someone deposits money into an account: it takes a day for it to clear.
Before the mistake was corrected, though, Zirker took a computer screen shot of the transaction as a memory.
“We have proof that, at least for a couple of hours, our company was significantly better off,” Hanks said.
“It’s fun to dream. It’s amazing how quick that dream goes away,” Zirker laughed.
© 2010 ksl.com | KSL Broadcasting Salt Lake City UT
As you can see, Doba did the right thing… we let the process run its course, which concluded with the funds making their way back to their rightful owner. Still, I’m left wondering: What would you do if someone gave you $1,000,000 with the stipulation that all of it had to be spent on your current business? How exactly would spend it?
Wow, $1 Million! Guess I won’t have to try out for the reality show Survivor!
For this amount of money I would buy a warehouse & retail space, buy A LOT more inventory, hire consultants to re-design and re-SEO my website, hire an accountant and hire employees for the warehouse and the retail store, and with what’s left over, advertise advertise advertise.
Hello,
I know this is not the place to ask this question. However, I tried emailing your support team from the website and the link appears to be broken. My apologies if this is inappropriate.
I am evaluating your service and would like to spend as much time as I can making my decision before my free trial ends and I have to decide whether or not to commit. I am logged into my control panel and when I go to the catalog, no products are listed. Just the following message:
Sorry, your search did not return any products. Please adjust your search criteria.
Search Tips:
* Too many filters and keywords can constrain your search. Use fewer filters and keywords to find more results.
* Make sure all search terms are spelled correctly
* Try different keywords or filters
* Try more general keywords
Are you currently experiencing a problem with your catalog? Orders, Settings, etc. appear to be working fine. However, I get the same message when I click on the catalog, the “View Similar Items” and “View Suppliers” links. No matter which of my two browsers I use (Safari 3.0.4 and Firefox 3.5.8)
Is there a forum or some blog where members can get information when the site is experiencing problems?
Best Regards,
Leland
Leland,
The easiest way to remove the filters is to click the Green “Start Over” button located on the left hand side of the page in the navigation section. That will completely remove all of your filters and start your search clean over from scratch. Let me know if that works!
Build a product surplus warehouse (more products ready to be shipped). Hire a security staff; make money to keep them. Buy from major supply companies such as on consignment. Keeping money management up; making 100% profit.
I would partner with > DOBA if they would haveme.
may god bless.
I REMAIN TONY BENSON
P.A.G. PICK A GIFT
I believe I would connect with worthy charities or become one, to be a difference maker in the lives of others and as a result see a business become a worthy entity to the world and the reason why people would buy through it, even if the product was at the top price point. I believe the best of clients would respond to this business platform and problems would be reduced to a minimum, as these clients would be buying to be producers and add value, rather than being takers, or price shoppers with the world owes me outlook, that has created the greatest disasters and wastefulness history and our era has attested to.