The company you built wasn't a cakewalk
CharlieB
Posts: 441 ✭
in Q & A Forum
David:
The successful company you built wasn't a cakewalk so therefore I
can't help but ask how much personal financial risk did you take on
when you first started PCGS? I mean are we talking mortgaging property,
collateralizing personal assets, selling assets to make this venture
work? I can't even imagine the legal costs to set this company up?
From the first time you made a decision to go forward what was the
worst part along the way? I know you were confident at the beginning
but there had to be some major worries and sleepless nights.
What were they?
- Charlie B -
The successful company you built wasn't a cakewalk so therefore I
can't help but ask how much personal financial risk did you take on
when you first started PCGS? I mean are we talking mortgaging property,
collateralizing personal assets, selling assets to make this venture
work? I can't even imagine the legal costs to set this company up?
From the first time you made a decision to go forward what was the
worst part along the way? I know you were confident at the beginning
but there had to be some major worries and sleepless nights.
What were they?
- Charlie B -
"location, location, location...eye appeal, eye appeal, eye appeal"
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PCGS is very unusual in that, unlike most start-ups, we were successfaul almost immediately. The original owners put up a total of $100,000. Van Simmons and I put up $50,000 for half of the deal. We were really lucky!!!
I was too dumb to worry about not making it. I just thought it was a good idea and plowed forward.
Thanks,
David