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Jan Henric Buettner

๐Ÿ‘ค Speaker
361 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

And I never thought about like return on investment, all this kind of thing.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

So, of course, I took a lot of my own private money, so about 90 million of my own equity, but still 60 million of other people's money.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

And so that has to be earned back.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

And yeah, so it's very tough right now because I'm right now trying to get a partner or selling it or whatever to kind of bring it to the next level because in the end, I spent three times seven years with this, right?

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

So first year was basically resort developer.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

Second year was basically... Second seven years was...

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

doing it as a profitable hotel operations and the third part is kind of nice to have projects like the residences the studio and so on and I also see now an exit because I spent all my 40s and all my 50s with this and I never would have thought that 20 years ago and so I don't want to carry the bag alone like in my 60s and 70s I want to see that I have

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

And maybe somebody to do it together with or have a transition period or sell it or whatever.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

So it's a little bit tough because it's very close to my heart and I build everything with it and I know all the details.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

But sometimes also you have to let go and see what's the next step.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

And this is why also freestyle chess is helping me also to have a new focus and to do something in the next seven years.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

Do you build every company with an exit in mind at first?

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

No, not at all.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

And quite the opposite, especially what the castle and the hotel is concerned.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

I built it as if it was my own home.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

And so I never thought about any part of an investment.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

Does it have a return or whatever?

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

Does it make sense?

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

It makes sense.

Digital Social Hour
Jan Henric Buettner: Why a $10B Founder Came Back to Build a Chess Startup at 60 | DSH #1640

It has to make sense.