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September 04, 2005
Spa Philosophy & Financing Thoughts
A well equipped spa is one of the perfect places for me to relax, be by myself (although Pete and Chris join me sometimes) and think without being disturbed by anything or anyone. I spent a good 4 hours doing just that earlier this morning at Burke Williams in Hollywood. Great location and, against all odds, not that crowded on a Saturday morning. I find it extremely helpful for collecting thoughts and I try to do this at least once every few weeks.
Given that Globat has now over 3 years of high-growth and profitable operating history we are more or less frequently being approached by companies that are interested in acquiring the business and/or venture capital firms that are looking for funding opportunities. We're not really interested in selling the company, but have started to roll with the idea of taking on some outside funding to take Globat to the next level. There's a natural hesitation with this as I've been around the funding and VC block a couple of times. I raised a few rounds for different companies I founded and/or co-founded and I was part of taking a company public in the beginning of market turmoil of 1999. So, I'll post more about my general take on funding and what this truly means to an entrepreneur in the next few days.
Posted by Ben at September 4, 2005 01:47 AM
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