Kind Snacks Founder Daniel Lubetzky Made a $220 Million Mistake—It Turned His Startup Into a $5 Billion Company

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Kind Snacks founder Daniel Lubetzky had to make some tough calls while building his company into a $5 billion snack brand.

that year — and when Lubetzky eventually decided to sell the company six years later, it was worth billions, not millions.

Daniel Lubetzky: It's like when you go climbing. Once you get to one peak, you can see higher, and then you've got to climb another one, and then you see a higher one even. So we ended up buying them out. Now, because I hadn't pre-negotiated the terms for buying them out, it turned out to be very, very expensive — and very risky. It was a very painful negotiation.I had a very strong feeling, informed by our momentum, that this was not the end — nor the beginning of the end — but the beginning of the beginning. And I wanted to keep going.

Predominantly, I wish I had known that everything was going to be OK. There were a lot of sleepless nights and a lot of tension until we landed the plane.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines