Minor said he wanted to focus more on philanthropy and venture capitalism, rather than being a CEO. He eventually lost his wealth on real-estate, horse-breeding, legal disputes, and artwork, culminating in a bankruptcy filing in June 2013. Business Insider depicted the decline in Minor's wealth as "most likely due to his expensive taste in real estate, art, and horses." "The Washington Post" said it was a "post-divorce spending spree." Minor said it was a mix of the overall recession and banking crisis, as well as being depressed after his divorce and his father's suicide.