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Salemicus comments on Politics Discussion Thread September 2012 - Less Wrong
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But I'm sure he could have kept working with Magic: The Gathering, if he'd been willing to take a couple of steps down the ladder. Alternatively, he could have kept in the same position with Magic: The Gathering if he'd been willing to buy a majority of the stock.
His actual desire seems to have been to run Magic: The Gathering exactly as he wanted, but also for other people to supply the capital to enable this. I'd like other people to buy me a pony too, but I don't regard it as punishment when they don't.
His problem was that he'd traded equity (98% of it) for a lot of the work done on Magic, and the people who held that equity wanted to be able to cash it out.
I don't know whether selling bonds could have helped anything.
He sold his rights, then groused when those he sold them to did something other than he wanted with those rights?
Sounds like he wanted to have his company, and sell it too.
I don't think he especially wanted to sell his company, but (at least as I understand the way he told it) , too many of the people who had equity wanted a chance to cash out for him to be comfortable not doing so.