Bevel took a huge L in its sale to Proctor & Gamble.

[Problematic Pat]

$40 million seed money was raised for the company but was only acquired for..$40 mill.

Like 2 years ago dude Tristan who owns the company said some company was trying to acquire it for $500 million but he turned them down.

Boyce puts his Economics hat on and breaks it down. SMH

 

[ATownD19]

How many times did people whine about Tristan's prices? He was big on black ownership so this should tell you he was forced to sell for financial reasons.

 

[Knowledge]

Bevel sold?!

 

[Icantspell]

No numbers were given so how does he know

 

[mamba]

No numbers were given so how does he know

True. Terms of the sale were not disclosed.

 

[iFuxWiddit]

True. Terms of the sale were not disclosed.

Dead this shyt then

 

[Anerdyblackguy]

No numbers were given so how does he know

Procter & Gamble has acquired the startup aiming to build the Procter & Gamble for people of color

“The companies did not disclose the financial terms of the deal, but a person familiar with the details told Recode that investors recouped the majority, but not all, of the nearly $40 million they invested in Walker and Company. That means Procter & Gamble paid somewhere between $20 million and $40 million for the startup”

 

[EBK String]

it's hard to sustain a business selling pricey non essential products to a economically depressed demographic. Unless you can stunt with them like Jordan's

 

[Problematic Pat]

No numbers were given so how does he know

The companies did not disclose the financial terms of the deal, but a person familiar with the details told Recode that investors recouped the majority, but not all, of the nearly $40 million they invested in Walker and Company. That means Procter & Gamble paid somewhere between $20 million and $40 million for the startup.


Procter & Gamble has acquired the startup aiming to build the Procter & Gamble for people of color


Dollar Shave Club was acquired by Unilever for 1 billion in September.

 

[newworldafro]

 

[Problematic Pat]

Don't buy that shyt anymore the money is going into cac hands unless you plan to invest in it...

 

[you're NOT "n!ggas"]

Whatever the price was, breh did something 99.99999% of us could only dream of. I hated to hear he sold but still


I fully expect an Yvette Carnell video hating

 

[Kilgore Trout]

Damn nas lost

 

[UncleTomFord15]

Possibly get 500 million dollars but only walk out with 40 million brehs
















Still 40 mil more than me though

 

[Kinguno]

From the third employee at Foursquare to this ain't bad at all

 

[Problematic Pat]

Whatever the price was, breh did something 99.99999% of us could only dream of. I hated to hear he sold but still


I fully expect an Yvette Carnell video hating

But he went right back to being an employee because he's the CEO but reports to Proctor & Gambles people before making an decision.

I saw his vision with the company but the way our communities across the globe have been purposely financially suppressed it's harder for him to market the product in the Caribbean or Africa at Americas price point. Not to mention the hundreds of million Afro latinos who are economically irrelevant along with the Afro Arabs. Economic warfare ain't no joke brehs.