After this many years of booming business, I'm finally going to tell you guys how much Run Gum is worth, and the number is SHOCKING!Immune Boost Daily is ava...
All the "rich" office jockey programmers, accountants, bankers, engineers & lawyers grinding out their 40-60 hour weeks staring at a computer for a couple hundred thousand max are getting owned at their own game by a Youtuber.
That's right haters, Nick Symmonds is a better business man then you too!
You Google these celebrities'net worth and the vast majority of the time it's grossly over exaggerated and flat out inaccurate. There's been many celebs and athletes declared bankript yet their Google net worth says they're worth tens of millions. Just because someone's perhaps made that much in their lifetime doesn't mean they retain it all. Most of the time their spending is as fast or close to it as their lucrative earnings. I've thankfully learned from these bankrupcy clowns to save that money.
All the "rich" office jockey programmers, accountants, bankers, engineers & lawyers grinding out their 40-60 hour weeks staring at a computer for a couple hundred thousand max are getting owned at their own game by a Youtuber.
That's right haters, Nick Symmonds is a better business man then you too!
You Google these celebrities'net worth and the vast majority of the time it's grossly over exaggerated and flat out inaccurate. There's been many celebs and athletes declared bankript yet their Google net worth says they're worth tens of millions. Just because someone's perhaps made that much in their lifetime doesn't mean they retain it all. Most of the time their spending is as fast or close to it as their lucrative earnings. I've thankfully learned from these bankrupcy clowns to save that money.
WHAT? I know you are an inveterate liar BUT here you say you have learned to save money but you also brag about blowing 10-20 grand on a woman? Why do you lie so much Stevie?
You Google these celebrities'net worth and the vast majority of the time it's grossly over exaggerated and flat out inaccurate. There's been many celebs and athletes declared bankript yet their Google net worth says they're worth tens of millions. Just because someone's perhaps made that much in their lifetime doesn't mean they retain it all. Most of the time their spending is as fast or close to it as their lucrative earnings. I've thankfully learned from these bankrupcy clowns to save that money.
This isn't his YouTube estimated worth - this is a true business valuation. This doesn't even include whatever he earns from YouTube (which probably isn't much but could be the same as your salary!)
You Google these celebrities'net worth and the vast majority of the time it's grossly over exaggerated and flat out inaccurate. There's been many celebs and athletes declared bankript yet their Google net worth says they're worth tens of millions. Just because someone's perhaps made that much in their lifetime doesn't mean they retain it all. Most of the time their spending is as fast or close to it as their lucrative earnings. I've thankfully learned from these bankrupcy clowns to save that money.
What does googling random celebrities’ net worth have to do with a founder of a company making a video about his ACTUAL company valuation and revenue?
Don’t be bitter. There’s plenty of money to go around. You too can one day be successful.
Valuation means nothing unless you sell. It's nice that it's valued at $10M, but then again, he still has to produce content via video and editing like Seth DeMoor. Not a great lifestyle. At some point he'll be like Fleshman and sell and be happy.
You Google these celebrities'net worth and the vast majority of the time it's grossly over exaggerated and flat out inaccurate. There's been many celebs and athletes declared bankript yet their Google net worth says they're worth tens of millions. Just because someone's perhaps made that much in their lifetime doesn't mean they retain it all. Most of the time their spending is as fast or close to it as their lucrative earnings. I've thankfully learned from these bankrupcy clowns to save that money.
WHAT? I know you are an inveterate liar BUT here you say you have learned to save money but you also brag about blowing 10-20 grand on a woman? Why do you lie so much Stevie?
I've blown 10k+ on a litany of different women and I'm not too proud of that fact but I do save a lot of money too only because I have an obligation to people I consider important.
WHAT? I know you are an inveterate liar BUT here you say you have learned to save money but you also brag about blowing 10-20 grand on a woman? Why do you lie so much Stevie?
I've never heard of the guy, and wanted to hate him based on the OP's post. But, the video was reasonable, and he seems like an earnest entrepreneur. I think I have seen run gum in a goodie bag or two from the local 5k. But, to advertise one's company is worth $x million based on a seed round or a sales multiple is pure fantasy. He sold equity at a certain valuation, but it isn't worth much until he puts it up for sale. Good luck to him. I hope he is more interested in selling product than pimping a valuation.
Most of the economy consists of overvalued companies that produce something useless, such as caffeinated gum for about 10 times the price of a vivarin from 7-11
All the "rich" office jockey programmers, accountants, bankers, engineers & lawyers grinding out their 40-60 hour weeks staring at a computer for a couple hundred thousand max are getting owned at their own game by a Youtuber.
That's right haters, Nick Symmonds is a better business man then you too!
I can see why nick appeals to readers like you who write “then” instead of “than”
I've never heard of the guy, and wanted to hate him based on the OP's post. But, the video was reasonable, and he seems like an earnest entrepreneur. I think I have seen run gum in a goodie bag or two from the local 5k. But, to advertise one's company is worth $x million based on a seed round or a sales multiple is pure fantasy. He sold equity at a certain valuation, but it isn't worth much until he puts it up for sale. Good luck to him. I hope he is more interested in selling product than pimping a valuation.
You never heard of him- well he was a very good runner not long ago!
I don’t care about Nick one way or the other but how the hell is a niche caffeinated chewing gum brand worth more than 10 million? does anyone know someone that uses it? have you ever seen it available in stores?
I work in private equity and have access to Pitchbook, so let's check it out. Interestingly, Run Gum's legal name is Gold Medal Inc. Anyways, off we go:
April 2018: The company raised $22,395 of product crowdfunding via Kickstarter on April 1, 2018.
January 2019: The company raised $800,000 of convertible notes from undisclosed investors on January 1, 2019.
July 2019: The company raised $1 million of seed funding on an undisclosed date.
May 2020: The company raised an undisclosed amount of Series A venture funding in May 2020.
A couple things come from this. First, as you can see below, the post-valuation data is missing for the most recent deal. So, Nick if you're reading this, I recommend you or your VC investors contact Pitchbook to get this information added to Pitchbook. Private equity data is hard to come by and we in the industry appreciate when accurate figures are reported. Second, based on the video, Nick never mentioned a May 2020 deal, so I'm thinking the July 2019 and May 2020 deals are the same? Perhaps it took almost a year to close and it was duplicated? Again, Nick, if you're reading this, get on Pitchbook and sort it out. Or email me and we can walk through it.
Obviously, as Nick said, Nick knows the valuation based on the VC round, so he's not lying. They would have agreed upon the amount of equity for the investment $ to arrive at a valuation, as in Shark Tank. But that info didn't make it into Pitchbook. So, Nick, if you're reading this, get this info updated on Pitchbook.
$10m sounds low. Pitchbook has the revenues for 2018 and 2019 and I won't disclose that because I don't want anyone yelling at me. But suffice to say, if sales growth continued at half the rate it was over 2018 to 2019, and assuming 25% EBITDA margin and using the average industry EV/EBITDA multiple, Run Gum would be worth substantially more than $10m. Even a 10% EBITDA margin, the company is still worth a lot more than Nick's guess.
Help us build the best running shoe review site for a chance to win a LetsRun t-shirt.Help us build the best running shoe review site for a chance to win one of 10 LetsRun t-shirts.