Blog : News & Updates

Three Bell Client Spotlight Socks With Benefits: Andrew Ferenci, Comrad Socks Founder & CEO

FIRST WORLD SOCK PROBLEMS

How many times have you opened your sock drawer in the morning and rummaged around for a favorite pair of socks, passing over the less desirable pairs?  Conversely, how many of you think your socks just plain suck and don’t even own a single pair you really like?

Personally, mine always slumped down after five minutes, and then flew at half-mast the remainder of the day.  I would like to think this is due to my well-developed, muscular calves, but in reality, it’s because my socks were poorly designed and made from shoddy materials.

Enter Comrad.

Founder and CEO, Andrew Ferenci, is aiming to change that experience entirely and is making socks that not only make your feet feel a whole lot better, but also have the potential to prevent blood clots that can form from sitting or standing in one place for long periods of time.  Hmmmm, how many of us can relate to that?

ANDREW’S ENTREPRENEURIAL BACKGROUND

Andrew wasn’t always a burgeoning textile baron.  Quite the opposite, he previously founded Spinback, a social commerce and analytics company that was later sold to Buddy Media, which was in turn acquired by Salesforce.  Andrew was the definition of a high-tech entrepreneur focused on engineering B2B software solutions for the enterprise market.

Coming out of the Spinback/Buddy Media exit, Andrew wasn’t long for Salesforce, and like most successful entrepreneurs, he was soon ready to start and build another company.  But this time, he was looking to make a physical product that customers would actually use everyday.  In a way, a return to the pre-internet days when entrepreneurs operated in the physical universe and manufactured widgets directly for consumers.

After exploring a few different ideas, Andrew started zeroing in on compression socks as a market opportunity.  Like many of us, Andrew had spent countless hours in cramped cubicles and long airplane flights.  His legs were often sore and upon further research, he learned that he was at risk of developing blood clots in his legs from lack of adequate movement and blood circulation.

Andrew began wearing compression socks that are ergonomically designed to promote blood flow, prevent blood from pooling in your legs, and stimulate lymphatic fluid circulation throughout the body.  He immediately felt an enormous difference.

A CHANGE IN STYLE AND YOUR HEALTH

Comrad socks are made with compression technology, which improve blood flow to and from the feet increasing circulation and reducing fatigue. They weave different thread patterns and materials up and down the length of the sock, which create compression zones at medically proven places and aid the flow of blood to the feet and back up the leg.

Originally designed for patients with diagnosed inhibited circulatory systems, compression socks can also be worn by anyone. They make a HUGE difference in how your feet feel at the end of the day, especially if you spend significant time seated sedentary in front of a computer at work.

However, the problem Andrew identified and Comrad has now corrected, is that compression socks are ugly.  Really ugly.  They traditionally come in white, nude and black, none of which really have any visual appeal, flare or style.  They look like they were made for medical purposes, so they don’t appeal to a broader audience, despite the fact that their therapeutic characteristics are universally beneficial.

Comrad combines all of the medical benefits of compression technology (increased blood flow, reduced muscle fatigue, and socks that don’t fall down during the day), and marries that with fashion forward designs people actually want to wear.

Andrew sent me a pair to check out and, after wearing them for just one day, I threw out my entire sock drawer, including my “designer socks”, and bought 10 more pairs of Comrads.  Now they are all I wear, and the entire Three Bell team is equally hooked.

COMRAD IS KILLING IT

The company has been hugely successful since it’s launch in November 2017.  Comrad is now shipping an average of 6,000 pairs of socks per month and is on track to book $1.5M in revenue its first year, 1,400% top line revenue growth from months 2-7, and 6% eCommerce conversion rate.  To quote Sundown from Top Gun, “It doesn’t get to look any better than that!”

Thus far, Andrew has bootstrapped the company with his own money, and only taken in a very small amount of capital from a few very lucky friends and family.  As the company continues to ramp sales and scale production, they will begin looking for an institutional round of capital from top tier investors in Q1 of 2019.

TRY COMRAD FOR YOURSELF

How can you lay your hands (or feet, to be more precise) on these badass foot-massaging super socks?  Glad you asked, cause we’ve got ya covered.  Andrew has created a special promo code “3BELL”, just for us.  Since he knows as well as we do that good things come in threes, for the next month the “3BELL” promo code will get you a free pair of socks with every two pairs purchased at regular price.

Just go to www.comradsocks.com, enter your 3BELL promo code, pick out your favorite designs, and get ready to feel the love.  Just don’t be surprised when, like me, you find yourself throwing out the rest of your sock collection and buying more Comrads.

LEARN MORE ABOUT ANDREW

Add Compression Socks to Your Long-Haul Travel Routine

The 10 Best Socks to Wear While You Travel, Run, and Rest

These stylish compressions socks are perfect for sitting at a desk all day, traveling, or working out

Three Bell Capital – Forbes #1 Emerging Wealth Advisor

Three Bell Capital – Forbes #1 Emerging Wealth Advisor

A letter from the CEO:

Happy New Year! As we officially kick off 2018, I wanted to share some very exciting news about Three Bell Capital. Thanks to our dedicated team, loyal clients, and innovative partners, Three Bell Capital was recently named the #1 Emerging Wealth Management Firm in the U.S. by RIA Channel on the Forbes list of Top 100 Emerging Wealth Management Firms.

Over the past six years, we have carefully assembled a team of talented, experienced, intelligent professionals, to provide the best possible service and advice to our private wealth management and corporate retirement plan clients.

As a result, our team has the distinct honor of working with some of the most prolific entrepreneurs and innovative companies in the world. By taking on all aspects of our clients’ financial lives, we enable them to focus their time and energy on their entrepreneurial endeavors and bringing game-changing services and technologies to market, while generating lasting wealth for their families.

We could not effectively assume the comprehensive role that we do, without the help and expertise of our carefully-vetted network of professional advisors, which include CPA’s, tax advisors, estate planning attorneys, insurance specialists, mortgage agents, and investment bankers.

As we head into 2018 as the #1 Emerging Wealth Management Firm in the U.S., we are incredibly grateful for our clients’ trust, our partners’ support, and our team’s hard work, and we look forward to continued shared successes in 2018.

From the article:

“Based in Silicon Valley, Three Bell Capital works with many entrepreneurs and start up businesses. Their focus on alternative wealth building strategies coupled with delivery of comprehensive planning services has served their clients well. Three Bell Capital is also almost 100% referral-based.”  READ MORE

Happy new year!

–– Jon

Three Bell Capital - Jon Porter Signature

Forbes’ Julie Cooling recently spoke with our CEO Jon Porter. Watch the interview!

There are certain disclosures that apply to awards and recognitions. Read about those here.

Veteran Portfolio Manager Bill Martin Joins Three Bell Capital

Veteran Portfolio Manager Bill Martin Joins Three Bell Capital

We are thrilled to announce the addition of veteran institutional portfolio manager Bill Martin, CFA, to the Three Bell Capital team. Bill will help lead the Three Bell Investment Committee’s efforts to design, implement and manage client investment strategies and portfolios. Bill brings to Three Bell Capital over 30 years of experience as an institutional investor and senior portfolio manager, 27 of which were spent at American Century, one of the largest mutual fund families in the world.

While at American Century, he managed over $10 billion in investments worldwide across all asset classes including stocks, bonds, commodities, and currencies, consistently earning 5 Star Morningstar ratings, as well as numerous other professional investment accolades.

Bill attained his CFA designation in 1991.  While all investment advisors have licenses allowing them to offer investment advice, few have a CFA designation.

Bill’s 30+ years of institutional experience, coupled with his CFA, makes him an incredibly valuable addition to the Three Bell team. As an institutional money manager, he has frequently appeared on CNBC, Bloomberg TV & Radio, Fox News, BusinessWeek, New York Times, Barron’s, Wall Street Journal, Financial Times, USA Today, Los Angeles Times, and he has spoken at institutional investment conferences including Journal of Finance, Charles Schwab, Morningstar, and Pensions & Investments.

We are excited to have Bill join the Three Bell team and look forward to leveraging his expertise to continue to provide superior financial advice to our clients.

Three Bell Capital

Cutting Through the Noise

Financial news is so ubiquitous that it has become financial noise.  I will not add to that sound chamber.  Instead, this blog commits to cutting through the cluttered jabber, and promises to never simply summarize the summaries.  The opinions within pull from analysis of respected research, delivering insights and perspectives that inform investment decisions.  Significant and topical articles that stand on their own will occasionally be highlighted.

 

 

CUTTING THROUGH THE NOISE – A Financial Blog by Bill Martin, CFA