Gus
Waiting List
Hello all, I'm Gus and this is my first post and it's a long shot, but I'm considering buying CPC. I am posting here to hear from the community which has been so well served by David & David at CPC over the years. This is a call for honest feedback, and I intend to reply to anyone posting in good faith. I have interacted briefly with @David Spragg via email and reviewed the sales package, and will of course not be sharing any confidential information. One cannot simply buy a company - any serious next steps would depend wholly on David & David's invitation and collaboration.
The below thread has collected hundreds of your comments regarding the sale and I hope you can spare a few words of advice for me.
https://www.pokerchipforum.com/threads/important-cpc-bulletin.125622/
Big Picture Goal:
After graduating from business school in Boston I spent my 20's working for myself as an architectural photographer. It was challenging, gratifying, and surprisingly lucrative. I'm in my 30's now and some investments have done well (while others have fared poorly). While parenting a toddler I've been searching for my next venture and CPC came on my radar while searching for a 'forever' set of poker chips to mark a celebratory milestone.
Rumors of turmoil at CPC popped up a few times during this evaluation of the chip market and then the announcement of the business sale was posted to the CPC website. For the past two weeks I've been digging deep into the chip industry trying to get a grip on its history, current status, and how CPC may continue to thrive in this time beyond the early 2000's boom.
Which has led me to start this thread. Nearly everywhere I search points back to Poker Chip Forum as the single most authoritative and thorough source on the industry by those most passionate about it. What would you tell me, what are your hopes for CPC, what does a bright future look like?
My primary motivation is not personal profit, but rather the stewardship of a niche but iconic American manufacturer into its next phase. Successful businesses create wonderful opportunities and continue to delight their customers, while struggling ones wither sadly and drain personal savings until the lights go out. The former is of course the goal.
Many challenges can be overcome by simply throwing more cash at them. The important challenges of course cannot be solved this way. Buying CPC is very much a long shot, but it's not yet an impossibility in my mind. Perhaps you can push me one way or the other.
I would prefer to chat in replies over DMs to keep things transparent where appropriate. If you are interested in being a part-owner I would love to hear your take and expertise.
Enough rambling! Like the thread's title, I invite you to advise, roast, or counsel me.
The below thread has collected hundreds of your comments regarding the sale and I hope you can spare a few words of advice for me.
https://www.pokerchipforum.com/threads/important-cpc-bulletin.125622/
Big Picture Goal:
- Keep the core CPC product line alive and available
- Absolutely no compromises on quality of the product (replicating the legendary customer service would of course be good!)
- Continue production in America
- I am very fortunate to be in the financial position to do so
- Despite intense competition in chips, CPC's product and reputation stand at the pinnacle of the industry
- I live in Minnesota (CPC factory is in Maine)
- I have a young family (I am a stay-at-home dad for the foreseeable future)
- Manufacturing this product is not as easy as printing a PDF (rumors of strange alchemy, moon cycles... just kidding... but really)
- There are real people with real jobs and a real factory to be responsible for (a business isn't simply a spreadsheet)
After graduating from business school in Boston I spent my 20's working for myself as an architectural photographer. It was challenging, gratifying, and surprisingly lucrative. I'm in my 30's now and some investments have done well (while others have fared poorly). While parenting a toddler I've been searching for my next venture and CPC came on my radar while searching for a 'forever' set of poker chips to mark a celebratory milestone.
Rumors of turmoil at CPC popped up a few times during this evaluation of the chip market and then the announcement of the business sale was posted to the CPC website. For the past two weeks I've been digging deep into the chip industry trying to get a grip on its history, current status, and how CPC may continue to thrive in this time beyond the early 2000's boom.
Which has led me to start this thread. Nearly everywhere I search points back to Poker Chip Forum as the single most authoritative and thorough source on the industry by those most passionate about it. What would you tell me, what are your hopes for CPC, what does a bright future look like?
My primary motivation is not personal profit, but rather the stewardship of a niche but iconic American manufacturer into its next phase. Successful businesses create wonderful opportunities and continue to delight their customers, while struggling ones wither sadly and drain personal savings until the lights go out. The former is of course the goal.
Many challenges can be overcome by simply throwing more cash at them. The important challenges of course cannot be solved this way. Buying CPC is very much a long shot, but it's not yet an impossibility in my mind. Perhaps you can push me one way or the other.
I would prefer to chat in replies over DMs to keep things transparent where appropriate. If you are interested in being a part-owner I would love to hear your take and expertise.
Enough rambling! Like the thread's title, I invite you to advise, roast, or counsel me.