I’m glad to order a couple gift certificates from riv. They’re a great shop. Grant is an iconoclast who is responsible for much of the direction of the rando/gravel part of the industry as we know it today whether you can see that or not.

That being said I hope they read the other thread and take what people are saying seriously. I didn’t exactly get the feeling that they did from the email that Rivendell sent out. But maybe they did, I’m not a mind reader. Seeing how many employees they have in that image and the amount that they brought in, there’s a halfway decent chance that any used Rivendell frame will be worth much more in five years than it is worth today. I hope that’s not the case, so I’ll be wearing the riv t shirt and hat around town for some free advertising.

So awesome! I think grant has done a lot more than most people realize for cool bicycles. He earned this and I hope they use this second chance well.

OMG. I'm old enough to know just how funny that statement is...

I'm glad I kicked in....two of those folks in the picture are close friends of mine. I hope Grant realizes ow important those folks are..

Concur

Passing the hat around every so often is not a viable business model.

Where are these bicycles?? I just don't see them around and I look at every bicycle, I just do. Whether I'm riding, walking, driving, kicking it outside at a coffee shop, I check out bikes. I live in the South Bay Area but I'm also up in San Francisco a ton. Big family on in-laws side so I'm always on the go. When I'm in Sacramento I'm all over the American River Bike Trail. I never see these frames.

maybe they read the previous rivendell thread here and got some good advice from paceliners.

Drive over to Golden Saddle in Silver Lake. Hang out for about 30 min.

Little surprised he's so open about the $..I wonder if it has tax repercussions.

It's kind of like the cult of Apple. :help::bike:

This makes me think of groupon.

Buy a $10 gift certificate today, spend it at sometime in the future. The accounting for income matching/expense would be a pain, plus you no have a liability on your books for the $10 gift certifcate until it is spent. If all $215k comes in a bunch, the problem occurs again, no cash flow.

I'm not an accountant, nor do i play one on TV, have taken just enough courses in university and read enough balance sheets to be dangerous in thinking about this stuff.

Unless you want to be the best - and last - buggy whip maker.


Probably not until someone makes a purchase and Riv ships product. Those credits are like gift cards, a debt to be paid in the future on the balance sheet. The 215k is not free money but I am sure you already know that.


P.S. I wish them well no matter what happens but this might be the last time he can throw a hail mary or pass the hat around. This was very public and very different compared other times when he has just asked for orders.

except its not

Wow

This is so much more than i could have ever guessed.
Yeah my 10$ does feel like a bucket in the ocean but i have to say im really glad there is an ocean of cyclists out there appreciating good stuff!

Also like that he choose to share the number! :banana:

They both have fervent customer bases, charismatic leadership and a product that ties them all together.

I'm glad they are still around, I really am, it's just odd is all.