At issue was more than the old philosophical disagreement about growth. Blue Ribbon was approaching six hundred thousand dollars in sales, and that day I’d gone in to ask for a loan of $1.2 million, a number that had symbolic meaning for Wallace. It was the first time I’d broken the million-dollar barrier. In his mind this was like the four-minute mile. Very few people were meant to break it. He was weary of this whole thing, he said, weary of me. For the umpteenth time he explained that he lived on cash balances, and for the umpteenth time I suggested ever so politely that if my sales and
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Fun to read about how financing went for a fast growing company back in the 60's/70's. Would never happen today.
