Adam Radly and Bob Bates Recommend:

Adam Radly Bob Bates have built businesses and brands. But how do you do it without venture capital? This interesting article from Recode that answers that question.

You don’t need venture capital to build a $100 million consumer brand: RecodeSenior Editor Jason Del Rey goes inside the rise of direct-to-consumer giants MVMT (a watch startup recently acquired by Movado), Native (deodorant, purchased by Procter & Gamble) and Tuft & Needle (mattresses, merged with Serta Simmons) that just said no to inflated investor offers as they bootstrapped and scaled. The result: Nine-figure acquisition deals where the founders and employees owned the entire company, or close to it. Is this a better model for consumer startups?

See the rest of the article here.

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