Dandurand: Jack Black grew credit line to $1M using personal stock guarantees
Jeff Dandurand · Jack Black Skin Care: Curran and Jeff Dandurand · Sep 11, 2023 · at 47:55
Jeff Dandurand, co-founder of skincare brand Jack Black, details the company's early financing strategy and personal risk during its initial five to six years of growth.
0:00 / 0:29exact quote · 29.0s
720p mp4 · rendered on demand · StarZero watermark
“We were operating with a line of credit at that point that was expanding. You know, I think initially it was two 50, then it was 500, then it became a million dollars, and that was within Five, six years of starting the business, and of course, there weren't any bankers that were going to give you that money without a personal guarantee, so we'd have to take our stock portfolio and personally guarantee that to have the line of credit.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jeff Dandurand
Jeff Dandurand: Building a major men's skincare brand today is very difficult
“I think it'd be very difficult to start a men's skincare brand today. The space is very crowded. I've noticed going into stores that the retail space allowed for men's skincare has shrunk. I think a lot of that's because of the direct to consumer strategy that…”