Hi, this is Wayne again with a topic “LMG Isn’t Looking for Whale Investors”.
The company interested in whale investors – if so, who do I reach out to uh? Well, the first thing you’re going to want to do is figure out how to speak a language other than I mean they did type this out like it’s beautiful, but I don’t really understand it yeah. So that’s tough, um yeah! I I I. If text is an option right like if you’ve got an accessible keyboard that allows you to like Finn, uh fin type or or you know, I I well my understanding – is whales often have quite agile like mouths quite dextrous, yeah, dexterous mouths yeah, then uh. That’S that’s an option, so you could, you could type we could correspond via text um as for who to reach out to about it. Okay, in all seriousness, I will actually answer your question right now. We are not looking for any outside investment right now. We are we’re pretty we’re pretty flush with cash actually uh.
The community responds to both the backpack and screwdriver launch has been overwhelming. We have covered our uh, like our development costs, for both of those projects and are now in the black on both of them they’re. Both shipping uh we’re in we’re in great shape, I mean there’s always I mean it always depends on the magnitude and the terms if you have a billion dollars and you still let them do whatever he wants. Maybe there’s a conversation there.
Yeah I’d. Have that conversation for sure, but, like that’s how big of a whale you are, I mean if you’re, if you’re, that big of a whale, you probably have someone on staff who’s smart enough to figure out how to get in touch with also that um. So you know it’s like it’s that sort of thing right, uh, but it’s like do you have enough blubber. Do you have enough blubber yeah? It’S a good question. It’S a good question, though, like to be clear: it’s not like we, it’s not like. We couldn’t use some investment like if you were to come and say yeah look.
I only want a small percentage of the action and this investment is going to be such that Creator. Warehouse could have multiple Logistics hubs, um bring the whole thing in-house and you could you know I don’t I don’t know uh, you know you could triple the footprint of the lab and accelerate the you know minimum viable product from 18 months to like 12 months, like You know if it was if it was really going to have a real impact on our ability to to scale, then maybe, but as it is right now, we we are not cash limited, we’re we’re limited by like it’s hard to hire, um we’re limited by just The the the pace of decision making right like you, don’t want to just expand for the sake of expanding. You want to make sure that everything you’re doing is carefully considered and meaningful. You don’t want to just build more products because you like had a cash infusion, and these like build as many products as you can.
That’S that’s not a that’s, not a healthy way to grow, and I think that would be a disservice to the investor if they were to come in and say, yeah well, like my expectation, is my investment grows. So uh do things dumb that are different from how you used to do them like that’s, not good right, so I would have to feel like we’re, providing you know a a good value for you and I feel like in the situation we’re in right now. We probably wouldn’t be yeah yeah um I mean we’ve had a we’ve had a lot of conversations internally about you know what would be the right ways to raise money and there’s um. You know the answer usually comes down to don’t yeah yeah, because no matter what it is like.
On the one hand, it sounds cool right to say, like Community person, oh yeah, that too right like oh yeah, we’re the we’re like the community-owned media Outlet or something like that. But at the end of the day, anytime, There’s an opportunity to make money you’re going to have people who are not community members who are investors who are just looking for a return, and investors typically want to return that beats other returns, they’re putting their money to Work, that’s the whole wheel. That’S the whole Mouse wheel that everyone’s running on is it’s not about just running a profitable, successful company with a good brand image and with ethical practices? Well, that’s not good for investors. Investors want you to maximize profits so that their money is working as hard as it possibly can, and I’m not going to promise that yeah your money might not work as hard as it can, because we might think that that isn’t the right thing to do. Um, you know like there’s, there’s there’s verticals, that we just don’t accept sponsorships from outright we’ve had so many opportunities to take, for example, supplement sponsors. There is a ton of money inside a Minefield, that’s a huge Minefield.
Let me tell you about how much money there is in supplements, because it’s cost nothing right, and it’s like 40 bucks for this jar of God only knows what that has. Who knows what effect right, um, and so I’ve always just been extremely uncomfortable with it? Like that? I could. There would be exceptions where I, where I could potentially take a sponsorship from a company that is like a drug you put in your body. Um, like Mark Cuban’s thing, looks super cool that super low cost um Pharmaceuticals – oh yeah, that’s totally different, but but that’s totally that’s another. That’S wicked, but totally different yeah, that’s a totally different situation um.
So you know I I feel like if we had investors breathing down my neck going well. Well, if you guys had your own line of supplements, then you guys could be increasing your Revenue by 20 and look at the margin like I don’t want to deal with that. I don’t want to deal with that. .