John Osher

“By the way, over the years, John has had a pretty interesting side hustle, backing Broadway musicals. He's actually been listed as a producer on some pretty big hits, including at least two Tony winners for Best Musical, Jersey Boys and Hairspray.”

“I said, I would, but I'm not willing to pay much money. I'll give you ten million dollars for the whole thing, but I'll close next week. You know, everything else was, they were always waiting six months, you know, and then there would be due diligence. I said…”

“Because anytime you try to sell something, you get about one-tenth of what you get when they want to buy you.”

“And in the first year, we did forty four million with a twenty one million dollar profit. ... It wasn't even a full year. It was probably closer to eight months. And as I said, we made a twenty one million dollar profit.”

“And we had 400,000 of them in our warehouse, and I had to make a decision. This is a consumable product, and this is potentially so big, and if I continue to sell this, it will die. And I went back to my partners in it, my investors, and I said, I'm gonna scra…”

“The name Spin Brush actually came when it was still spinning. We never changed the name because it was a good name.”

“We really never considered, or worried about, or competed with the high end, which was, some of them were 50 bucks, and we basically saw the manual market. That's where the numbers were.”

“The reality is, is that we ended up buying such large quantities of little motors at batteries and gears Where we're buying in the millions of batteries from EverReady alkaline batteries, where we're paying 12 cents a battery rather than 78 cents or 39 cents f…”

“So our budget, our next year, we got this chance, and everyone bought arcade basketball, we did six million dollars, and made a million and a half dollar profit.”

“And this is it's called entrepreneurial terror, and I think most successful ones included have gone through this at some point, because the buck completely stops with you.”

“Every, every baby in the world uses some form of this now, but back then it did not exist.”

“Even when I was a plumber in this Gurdjieff group, I was rich, you know, within the context of my life. I, you know, I had a house and a car and a wife, and I made much more money than everyone else in the group because I was in a business that you could charg…”

“It almost would seem as if I'm a courageous person because I'm so willing to open businesses and this and that, and it really does come back to the value of starting my first business at five years old and having businesses successful. All through high school,…”

“The reason I bring it up is it was a great lesson that I used for the rest of my whole business career, and that is that you set your price on what the market will pay, what's the optimum price for a market, as opposed to what you paid for it.”