Their lead investor for the past three years may have declared bankruptcy this week, but Firewire Surfboards would like everyone to know that Matthew Perrin’s financial woe’s have nothing to do with them, according to a press release posted on Surfline.com.
Firewire was saddened to learn that Matthew Perrin, one of the companies lead investors over the past 3 years, had filed for bankruptcy protection in Australia due to real estate and other business dealings unrelated to Firewire. . . . “Matthew’s commitment was one of the foundations on which Firewire was built”, said Firewire CEO Mark Price, “and he along with our other lead investors, combined with our innovative product and Taj’s success, have allowed Firewire to develop into a globally recognized surfboard brand in a relatively short space of time.”
Having one of your lead investors run out of money doesn’t seem like a good thing for the business, does it?
[Link: Surfline.com]
I suppose if he’s already made the investment and they’re not planning on raising another round of funding, it probably wouldn’t affect them. To hard to say without knowing what those terms were.
Completely unrelated. Sad to see what appears to be an otherwise smart person have their life fall apart over gambling.
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