Tannen gave up 20% of Boll & Branch to raise $2M
Scott Tannen · Boll & Branch: Scott and Missy Tannen · Nov 11, 2024 · at 59:04
Scott Tannen discusses raising emergency capital from friends and family in 2016 to pay suppliers after an inventory blunder tied up cash.
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“Reached out to, you know, the true definition of friends and family, and I needed about two million dollars. And I closed it in a week and a half... It costs us at least 15 to 20% of the business.”
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