Do Friends Really Make Good Business Partners?

According to CNN, a contract dispute over a popular podcast killed a long-term friendship between comedian Adam Carolla and his boyhood friend Donny Misraje. According

to Misraje, he pushed Carolla to start a podcast in 2009 after CBS canceled his morning radio show. The podcast was a smash hit, and Carolla offered to make Misraje a

partner and give him 30% of his company, Ace Broadcasting Network.

Unfortunately, Misraje never got the offer in writing, but he quit his job making $230,000 a year as a television producer in reliance. Ace Broadcasting also couldn’t

pay him until Carolla’s non-compete agreement with CBS expired at the end of 2009, so Misraje went into debt and worked for free. Misraje contended that Carolla cut

him out as soon as his podcast started making money, firing him by email, and even changing the name of his company to Carolla Digital. Misraje sued Carolla. The two

settled the case for an undisclosed sum during the trial.