Creator Lab

Christophe Garnier, Totsy + Spark Labs // Learning From An $80mil Blocked Sale + The Future Of Work

Informações:

Synopsis

I met Christophe when I first moved to New York. I was drawn in by his infectious energy, French charm and distinct sense of humor. He had started multiple companies and our friendship grew over chats about life in America & the world of entrepreneurship. One evening after an epic meandering night out, we landed in Koreatown to chow down on plates of bibimbap & bulgogi. It was a few days before his life was about to change with the birth of his daughter and I asked Christophe about any regrets he had from the past…he started to share this story: “This one time, I had a call from the CFO of Groupon and they had made an $80mil offer on our company, Totsy! It would have been a 10X return for our investors and it was going to be a life-changing moment for me”… The table went silent as we crept towards the edge of our seats… “But then my board blocked the deal, we had to say no! A short while after, we got crushed by Zulily and had to sell for much less. I made nothing from the sale.” It was the sort of ho