Comments on: Hodinkee Founder Ben Clymer Cashes Out

By: Crown & Caliber Bought By HoDinkee -

Crown & Caliber Bought By HoDinkee - — Fri, 19 Feb 2021 04:16:10 +0000

[…] enterprise, boy are you wrong. We’ve pointed this out error many times before, most recently when founder Ben Clymer sold a third of his company to investors, stepping aside for Mr. Pret a Porter to run the show from London. HoDinkee is a watch sales site […]

By: Crown & Caliber Bought By HoDinkee - The Truth About Watches

Crown & Caliber Bought By HoDinkee - The Truth About Watches — Fri, 19 Feb 2021 00:26:47 +0000

[…] boy are you wrong. We’ve pointed this out error many times before, most recently when founder Ben Clymer sold a third of his company to investors and stepped aside for Mr. Pret a Porter to run the show. HoDinkee is a watch sales site with sales […]

By: Will

Will — Sat, 09 Jan 2021 18:07:35 +0000

In reply to Franz Rivoira. It depends here. As later rounds of investment occur, it's no longer really about growth, but achieving a quick return or the investment firm can obtain excellent alphas. Depending on the tech, the company needs to keep the founder because it's either advanced, bio or other engineering and the founder the is the brains of the product. Since Hodinkee is an ecommerce store, finding appropriate talent is far easier and the founder is more expendable.

By: Joseph Adams

Joseph Adams — Sat, 09 Jan 2021 17:13:40 +0000

In reply to Franz Rivoira. Exactly, The question is always "can the founder push the company to the next level?" Early in the lifecycle, the answer better be yes. Later on...If they can, great. If they can't, you bring someone else in and pay out the founder. No shame in either!

By: Franz Rivoira

Franz Rivoira — Sat, 09 Jan 2021 13:11:14 +0000

I have been brain-picking into the VC scene lately, and there is a fundamental difference here: early-state businesses need money to scale up and dominate the market, so the VC invests basically into a possibility. Later-state businesses have already been there, done that. They could expand, but it is rathger difficult that they could scale up by doing something more/different than what they are already doing.
This means that while a VC would have all the interest to leave the CEO/owner at the helm of a budding business, it won’t be so in the second case, where the CEO/former owner has a fat bank account and looks forward to his next Caribbean cruise. Thank you, Mr. X, but we are calling the shots from now onwards.

By: DHR

DHR — Sat, 09 Jan 2021 01:42:59 +0000

Hey Joseph.
Thanks for the read.
Firstly, what’s your PayPal account so I can take that Daytona off your hands for 2K?
Secondly Rob,is there a way to buy into TTAW?
Have a good weekend.

By: Will

Will — Fri, 08 Jan 2021 21:07:52 +0000

In reply to Robert Farago. Can confirm as both a VC and a founder. But some not as bad. Dan Zimmerman screwed you at TTAG? It's pretty bad now. TTAC is, um, well, nothing.