In late february ryan smithrnwas having a private dinner with venture capitalist Mike Moritz at Station 1, an upscale restaurant in Silicon Valley's verdant burb of Woodside. Moritz's firm, Sequoia Capital, wanted to invest in Smith's company, a data-collecting software firm called Qualtrics, based in Provo, Utah. But Smith had in hand a $500 million offer for the business he spent the last ten years building with his father and brother. It was the moment to make his family richer than their wildest dreams.
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