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Rich Spaulding, Gold Star Games - Owner
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As a self proclaimed "sports nut" company President Rich Spaulding has been in a long lasting love affair with sports and tailgating. As such, he has made it his life's work to bring the best tailgating games and gear to the consumer through the Gold Star Games website.
Gold Star Games provides fun tailgating games and gear for sports fans. They do this by offering the coolest games and tailgating gear combining with an easy-to-use website.
MO: Can you talk about how you started the company? Did you solicit investors or raise the capital you needed in some other way?
Rich: Gold Star Games started in my apartment with my best friend Jotham McCauley. We had the idea of selling big arcade games, pinball machines, and other expensive coin operated "old school" arcade games to home owners via a website. Arcade machines like Pac-Man and Golden Tee Golf sell for $5,000+ and decent margins. We thought an easy to use web store selling these types of machines would be a winning combination. We wrote a 34 page business plan with no idea on where to get money. We started with our parents. They were impressed with the business plan (at least they told us that) and gave us some cash to get started. Within three months, we had an office, a website, customers, and a real business.
After 18 months of grinding out sales, we ran out of money. Gold Star Games was bringing in enough money for one person to make a decent living, but not enough revenue for two people. I gave Jotham a check for his half of Gold Star Games and we parted ways.
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