Christopher Burch, better known as Chris Burch is one of the most prolific venture capital investors today. Burch certainly is no stranger to the ins and outs of finding startups still in their incubation stages and turning them into good profitable companies. But while you may not see as many huge pharmaceutical or oil drilling companies in his portfolio like investors such as Warren Buffet and Carl Icahn, Burch is still making a good name for himself. It’s Burch who’s taken up seeding for talk show host Ellen DeGeneres’ ED enterprise for ecommerce in fashion and household items. Not long ago he sat down to talk to Ideamensch about some of his investments.
Chris Burch told the authors of Ideamensch that he had gotten the Idea for Burch Creative Capital from reminiscing on his own time in the fashion retail industry and decided he wanted to give not just fashion gurus the support they needed, but anyone with a small business idea that could be a disruptor. Burch says he loves having a variable schedule for his work which is based in New York, but also has a lot of traveling to his various holdings properties. One of his favorite areas of business is the small house market in real estate, and one of his startup companies Cocoon9 has tapped into that. And the book he recommends to other entrepreneurs in his line of work is Peter Diamandis’s bestseller, “BOLD.” For the full interview, click ideamensch.com
Chris Burch was born to a hard-working middle class family back in 1953 and he became interested in starting his own business even back while he was still in college. It began with him and his brother running a sweater sales company called Eagle’s Eye that made profits on the cheap sweaters they bought. Eagle’s Eye became such a popular brand that Burch even bought a production factory and eventually a logistical network. He sold that company for a profit in 1998 when it was worth about $60 million. Head over to burchcreativecapital.com for added reading.
Years later Burch went into the hotel real estate investing industry first buying the shares of Faena Hotel+Universe in Argentina, and then later turning his attention to the market in Southampton on Long Island. The house he bought there was worth $14 million at the time, but in just 4 months Burch had turned it into a $25 million home that he sold for a profit, check this on wsj.com. But probably his most notable accomplishment in addition to starting Burch Creative Capital, is investing in the dream resort at Nihiwatu Island. Related article here.
For an interesting interview with Burch, hit http://www.ceocfointerviews.com/interviews/ChrisBurch-BurchCreativeCapital17.htm