A week ago Friday was the first time I ever visited the 75,000 sq. ft. factory of Candy.com in Braintree, MA since we made the deal in 2008 when I think they had 3500 ft. That's a little larger than 1/2 of a Costco store. It is set up like a Home Depot. They/We have 120 employees and the $15 million volume figure I gave a few weeks back is a "little" low but I can't say anymore than that.
And they have 2 new divisions. Things are going well! I could not be more proud of Greg and Joe. So let me tell you the story about candy.com from Greg's memory. So Friday we went to lunch at the Chateau in Waltham. A place that opened in 1933 and I loved as a 9 year old and since.
Greg was 22 at the time of the candy.com deal. He told me how many times I hung up the phone on him. Yes, hung up on him. He wanted the name but had very little funds. We laughed so hard talking about it 10 years later. Now both married with families. It was just a fantastic time!
But I always believed in them, their vision and their work ethic as I grew to know them. So we made a deal.It was only $60k out of their pocket. $30k each. Not a huge amount, not small either, but it showed their determination. They have not lost one ounce of energy and determination. They are growing and growing at a very rapid clip as they expand and fulfill.
The one thing we all agreed on, it was the DOMAIN NAME that guaranteed they would have a seat at the table, have credibility and be taken seriously. It helped to guarantee their success IF and only IF they could match their products and services with the same high quality and dependability. And they have!!!! They are a wholesale food company becoming more and more important to third parties.
My share of the company is growing in value. What started at 5% is now 12.55% and these guys are about to really breakthrough in a very big way. 10 years of hard work is now paying off. There are so many things I would like to share about their expansion and visit, but I can't at this time. But it's very exciting so stay tuned. I have watched them grow, I have watched them struggle, I have watched them battle it every single day. Great job guys!! Easily the deal I am most proud of because I have great and energetic and SMART partners and they are still very young and hungry at ages 32 and 40. If defines what a great domain name can become.