Erik: Yeah. There are a couple of reasons to do it. One is we could speed up our growth. We have something here that we think could go global, so if I raised a bunch of money I could hire people all over. But, there’s a huge risk in going that fast, so I don’t know if it’s responsible. Number two, you just alluded to it, from a logical perspective, I don’t know what happens to my business in 10 years or even in 5 years. We don’t know what the market does. We don’t know what innovations may come out that will disrupt us.
Erik: So, taking money off the table and getting some liquidity can always be interesting. At the same time, I have a lot of friends who have sold and a lot of friends who have stuck with it for 10 or 20 years. The friends who are sticking with it generally are happier. They have something to do. They’ve built something. Generally, if you’re doing the right thing, your business will continue to grow. Liquidity is great and all, but there’s a huge thing with founders that’s the, “Now what?”
Erik: If I sold the company right now, or sold half the company there’s nothing I would go out and buy. I’d invest that money into some conservative assets to know I have a nest egg.
Boye: Yeah. So, I guess to that point, what makes you tick? Why do you do what you do? What makes you fulfilled?
Erik: I love growing things. It is just really fun. I don’t know where it came from, I’m just inherently addicted to the idea of building and growing. The times when I’m pissed off is when we have to slow down because of cash flow, or when I have to hold off on things. That drives me nuts. My job is to push the limits and continue to grow the business, while also growing other companies and brands.
Erik: Right now I’m working on acquiring two different companies, launching a venture fund, and building out some software for the company. We’ve made two acquisitions before, but now we’re looking into territory expansion to New York as well as some other cities around the country. I’m trying to do long term research into going international. Learning the ropes in Europe as well as Asia. That is really fun.