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Caryn Seidman-Becker

๐Ÿ‘ค Speaker
1227 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

Having people explain the technology, explain the privacy, that was crucial.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

We believed it to be a very efficient and powerful business model.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

We run the business for members bookings and free cash flow.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

I have said that for 15 years.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

Members, bookings, free cash flow.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

Free cash flow is the ultimate measure of a business.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

As a girl who comes from Wall Street, it ain't eyeballs.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

That's how we ran the business.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

And when we turned positive in 2017, so we raised capital in 2010 from myself, the gentleman who started it with me, and some outside investors, mostly here in New York City, and Bill Miller, who was a strategic partner at Orient's Capital and one of my great mentors and partners.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

He was on our board for the first few years.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

And as an early investor in Amazon, it was certainly great to get his wisdom and his advice.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

And then in 2012, we raised some capital from those same outside investors, really individuals, went to Silicon Valley.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

I came back with zero in 2012 and zero in 2015, which was fine.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

One of the guys said to me, I won't say the name of the fund.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

He said, what makes you think I'm not going to, but I do keep his picture in my photos.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

He's no longer there.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

So it's fine.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

Let your haters be your motivators.

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

He said to me, what makes you think you can be the CEO of Clear?

Invest Like the Best with Patrick O'Shaughnessy
Caryn Seidman-Becker: Rebuilding CLEAR - [Invest Like the Best, EP.432]

And in my mind, I was like, good question.