Man Turns Down A Half Billion Dollar Buyout Of His Company To Stay Black Owned
- Thread starter Ace2306
- Start date
newworldafro
DeeperThanRapBiggerThanHH
Will this product stimulate hair growth on my face..............#StruggleBeardGang 
I heard a out this guy with the Foursquare situation, he has come a long way.
I heard a out this guy with the Foursquare situation, he has come a long way.
I never even knew this existedI'll definitely be shopping with bevel.
This may be a brilliant idea because as many gyms full of black men and places that I've shaved and as many conversations that I've had with brothers about shaving and razor bumps, this company has never been mentioned. A lot of us shave regularly and don't know about this. Imagine if he can get his product and brand as a household name in black homes here and abroad
I wonder does he have reps or anything pushing his product out on the streets
Hmm reps can hit up all the barbershops in their area...
There's two sides to that business decision.
1. He should have taken it. He could use the money to help the people he wants to. The valuation of the buyout is probably higher than its current value. Those companies don't have to do the R&D and they wouldn't have to develop a new brand name and reputation.
2. He shouldn't take the offer. This business can probably last for a long time and expand globally... as there are black people all over the world. Or he might hold out for a bigger valuation and then sell later.
1. He should have taken it. He could use the money to help the people he wants to. The valuation of the buyout is probably higher than its current value. Those companies don't have to do the R&D and they wouldn't have to develop a new brand name and reputation.
2. He shouldn't take the offer. This business can probably last for a long time and expand globally... as there are black people all over the world. Or he might hold out for a bigger valuation and then sell later.
SouljaVoy
♥ Black Love
Not only that, gyms. That's where I and a lot of brothers I know shave at and you have that middle aged and up black crowd that come to the gym regularly for that.
With the right marketing he could probably quadruple the offer they gave him.
this...
I guarantee he has financial investors that have a much higher valuation for his company. 500 million is a TON of money but it's an undervaluation if your company is worth 100 million + per year for 20 years...
Breh is gonna add more products and skews and hit that billy in 18 months
Luxury Tax
Middleman Money
Only if Bob Johnson could have done this and didn't sell BET.
In Oakland Ca, there was a Brother named Chuck Johnson who refused to sell out to HBO. He always stressed about staying 100% Black owned and not being a guest at his own table. Sadly to say, his television stationed died when he died.
Knuckles Red
<3<3<3
Man, some of these comments are stupid as fukk. "Couldn't of a been me, cuz I'da taken dat 500 miyon and beent off onto a new ventcha!!!" And then some of you turn around and bytch about black men not being able to get a fukking job. This is how you do it...OWN shyt!!!! Now he can hire other blacks at HIS company, and make products FOR black people. GOD DAMN!!
philmonroe
Superstar
They do I ain't never saw a dude shave in the gym ever. Must be going to fancier spots than me lol
philmonroe
Superstar
They both got rich off one company and now have more. They didn't have multiple,companies at first from what I have saw on them