The Ledger
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Gymboree raised $6 million in funding within a year of retail launch
“Within the next year, we raised, Six million dollars.”
Stuart Moldaw invested $300,000 for 30% of Gymboree at $1M valuation
“He tells me he's going to put up 300,000 dollars for 30% of the company. He values the company a million dollars, which is sort of ridiculous, I think, but whatever And he put up the 300,000 and said, you go for it.”
Gymboree lost all early brand licensing partners within 18 months due to low sales
“Probably a year later, maybe a year and a half later, we were dropped by all of them... Because we didn't have the sales.”
Gymboree's stock surged 58% on its first day of public trading
“It went up 58% on the first day of trading.”
Gymboree secured early product licensing deals with Random House and Connor Toys
“We had Random House doing our books, Health Text, which was kind of a cool brand for clothing. They ran, they did a clothing line for us. We also had Connor Toys did Some really like a big climbing gym that you'd put in your... And it was sold in Toys R Us.”