Everything Barry Beck said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Barry Beck: Internet retail disrupted department stores on convenience and selection
“I think that we, at some point, had a hypothesis that the department stores were really created for sort of two reasons, right? A convenience And breadth of selection. And that we saw a possibility that they could no longer be convenient because of just travel…”
Barry Beck: Carlyle Group partner signed a blank seed check for Bluemercury
“Yeah, I think our first, one of our first checks, we went down to the Carlisle Group, and Dick Darman and Ed Mathias wrote the first checks, and I sort of remember, just to underscore the point, is that Ed signed a blank check, and then called out to his assis…”
Barry Beck: Being too early is functionally equivalent to being wrong
“I think that what we realize that sometimes being too early is really just being wrong.”
Barry Beck: Bluemercury Founders Formed Separate Entity to Acquire First Store
“They rejected it, and in fact, what they said was, if you want to buy the store, Barry and Marla, buy it with your own money. And what we did was we formed a company called 29 Street Partners. We, Marla lived on 29 Street, and we caused that company to acquire…”
Barry Beck: Building an e-commerce site cost nearly $600,000 in 1999
“I think it probably, to build out at that time, would probably cost, it cost probably nearly 600,000 dollars to build an e-commerce site, and today,
You can build it on Wix for free.”
Barry Beck: Bluemercury hit $150K cash and 60 days runway with 20 staff
“But when you're down to your last 150,000 dollars in the bank, and you look around the room, and you have 20 employees, and you realize you have 60 days of cash left, but you have to make some tough calls.”
Barry Beck: Bluemercury founders sold equity in 2006 to de-risk personally
“Candidly speaking, we wanted to rebalance our risk equation. And so that, yeah, that we were interested in selling some of our stock to fuel our lifestyle because we poured our entire life into this business.”