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(That Video Site)   Man sells his Wall Street brokerage for $1 billion to run a donut shop in New York City and drives two Dunkin Donuts stores out of business. David vs Goliath. David wins   (thatvideosite.com ) divider line
    More: Followup, New York, Wall Street, Wall Street brokerage, donuts  
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2736 clicks; posted to Business » on 05 Feb 2014 at 9:32 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
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2014-02-05 08:03:05 AM  
7 votes:
If you have $1,000,000,000 it's more Goliath vs Goliath.  With that in the bank you don't really have to worry about whether your shop makes or loses money, for a long time.
2014-02-05 08:29:40 AM  
2 votes:
I didn't watch it because f*ck video articles.
Is it Donut Plant?  Because that place is awesome.
2014-02-05 11:55:06 AM  
1 vote:

InfrasonicTom: dittybopper: EvilEgg: If you have $1,000,000,000 it's more Goliath vs Goliath.  With that in the bank you don't really have to worry about whether your shop makes or loses money, for a long time.

This.  Because he can take a loss basically forever, he can produce a quality product and sell it at basically his cost, or even at a loss, undercutting DD and any other business that actually has to make a profit.

I'm not saying that's what he's doing, but the guy is a financial whiz.  He knows how the game is played.  And since this is basically just a hobby for him, he can screw with the big boys and win without having to worry about growth or long-term sustainability.

except he's not really screwing with the big boys, he's screwing with Hilario and Rene and their excessive time to make the donuts 11.50/hour wage.


Dunkin Donuts stores are franchises as well, so likely he also just managed to screw with somebody who is just a little bit rich to be able for afford a couple franchises. Odds are he is the Goliath in this scenario to the franchisee's David.
2014-02-05 10:00:43 AM  
1 vote:
Suck it Bain Capital!
2014-02-05 10:00:07 AM  
1 vote:

kronicfeld: dittybopper: This. Because he can take a loss basically forever, he can produce a quality product and sell it at basically his cost, or even at a loss, undercutting DD and any other business that actually has to make a profit.

Or he race for the bottom with a cheap but inferior product, drive them out of business, and jack up the prices on his inferior product, exploiting the market while competitors are faced with significant costs to re-enter the market place.


Is it actually possible to make a donut that is inferior to a dunkin' donut?
2014-02-05 08:36:59 AM  
1 vote:

EvilEgg: If you have $1,000,000,000 it's more Goliath vs Goliath.  With that in the bank you don't really have to worry about whether your shop makes or loses money, for a long time.


This.  Because he can take a loss basically forever, he can produce a quality product and sell it at basically his cost, or even at a loss, undercutting DD and any other business that actually has to make a profit.

I'm not saying that's what he's doing, but the guy is a financial whiz.  He knows how the game is played.  And since this is basically just a hobby for him, he can screw with the big boys and win without having to worry about growth or long-term sustainability.
 
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