Wednesday, March 13, 2019

WineInStyle

I'm very torn on what I would do if I were Eberhart here, but ultimately think I would accept the buyout from the new investors and head off into the sunset to spend more time with my family.

Maybe it's me being a bit sentimental and not having ever had the opportunity to turn down a large buyout that would provide wealth for me and my family, but I simply think the daily grind of spending a week or two in Japan every month when your kids are growing up in California just doesn't merit the time commitment, especially when considering the money available to spend more time with your family.  That to me is the ultimate kicker with all things being equal, and why I would accept the buyout, let Khoo operate the business (and celebrate him if he achieves the success that I think can come) and find whatever is next for me when I again have the opportunity to spend every day at home.

The caveat here, and something I would want to do more due diligence on, is how the investors plan to shape the business if WineInStyle does accept their investment.  It seems like the way in which they operate is a bit shady and secretive, which is definitely a red flag.  I would figure out a way (through these investors or not) to speak with executives at other companies they invested in to get a sense for how they treat their portfolio companies.  If those reference checks come back anything but positive, I would rethink my stance.  But with only the information in the case available to me, my ultimate decision would be less fiscally motivated and more personally motivated (his commute is historically bad!), which would lead me to accept the investors' money and take my win home to my family.

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