Sponsored by Energy Trust

Deal Watch: Good Clean Love wins investment

| Print |  Email
Articles - July 2010
Thursday, June 24, 2010
0710_Dealwatch01BY JON BELL

Wendy Strgar, founder and CEO of the Eugene natural sexual health products company Good Clean Love, comes off as a pretty candid person.

She talks frankly about female sexual dysfunction, personal lubricants and how all-natural “love products” saved her marriage of 24 years.

Strgar also makes no bones about her business savvy.

“There is really a basic amount of business knowledge you need to play the game at all,” she says. “That’s not me.”

Her candor, however, along with a pretty compelling business case for all-natural intimacy products in a $500 million-a-year market space, helped Strgar nab a $165,000 investment prize at this year’s Willamette Angel Conference in Eugene.

Strgar founded Good Clean Love as a cottage industry in her kitchen in 2003. Her idea was to offer all-natural and organic oils, lotions and lubricants as an alternative to the petrochemical-based options on the market.
0710_Dealwatch02
Today, Good Clean Love employs five, rings up annual sales of around $250,000 and has its products in specialty shops as well as stores like Whole Foods and Fred Meyer.

Strgar says the WAC prize will help the company broaden its market and build the brand. She also hopes to hire a new CEO this summer and solidify some other investments that came as a result of the conference. The company’s current plan projects revenues of nearly $5 million with a total investment of $500,000.

“It’s going to be an exciting ride,” Strgar says.

MERGERS AND ACQUISITIONS
PRICE EXP. CLOSE BUYER / PARENT (HQ) SELLER / PARENT (HQ) ANNOUNCED
$180M Q2 FLIR (Portland) Raymarine Holdings (England) 5/14
$103.6M Q2 MEMC Electronic Materials (MO) Solaicx (CA) 5/24
$65.3M Q2 Carl Icahn (NY) Mentor Graphics - 6.9% stake (Wilsonville) 5/28
ND Q2 Alaska USA Insurance Brokers (AK) Rainier Pacific Insurance Services/Umpqua Bank (Portland) 5/5
ND Q2 Harris Corp (FL) SignaCert (Portland) 5/17
ND Q2 Hearthside Food Solutions (IL) Golden Temple (Eugene) 5/12
ND Q2 Lighthouse Home Loans (Salem) Horizon Mountain Mortgage (Silverton) 5/10
ND Q2 PennyMac Loan Services (CA) Bank of the Cascades - mortgage servicing rights (Bend) 5/28
ND Q2 Reliant Behavioral Health (Portland) Employee Assistance Services Enterprises (Portland) 5/13
ND Q2 Rich Connor, Mark Dagg and Alex Canizales (Portland) Planned Marketing Solutions International (Portland) 5/25
ND Q2 Tektronix/Danaher (Washington, D.C.) Mixed Signals (CA) 5/17
CAPITAL RAISING AND CONTRACTS
PRICE (TYPE) COMPANY (HQ) / LEADERSHIP INVESTOR (HQ) ANNOUNCED
$86M (IPO) Tripwire (Portland)/James Johnson Public investors 5/28
$75M (IPO) Erickson Air Crane (Portland)/Udo Rieder Public investors 5/13
$50M (public offering) Greenbrier (Lake Oswego)/William Furman Public investors 5/13
$25M (grant for Boardman biorefinery) ZeaChem (CO)/Jim Imbler U.S. Dept of Energy 5/14
$16M (business school donation) Oregon State University (Corvallis)/Edward Ray Joan and Ken Austin Jr. (Newberg) and Pat and the late Al Reser (Beaverton) 5/10
$10.6M (Willamette River bridge contract) Wildish Standard Paving (Eugene)/James Wildish ODOT and the Federal Highway Administration 5/17
$10M (announced public offering) Bank of Oswego (Lake Oswego)/Dan Heine Public investors 5/27
$7.9M (highway contract) Concrete Enterprises (Stayton)/Richard Miller ODOT 5/14
$1.4M (private placement) Naturally Advanced Technologies (Portland and Vancouver, BC)/Ken Barker Private investors 5/21
$165,000 (investment prize) Good Clean Love (Eugene)/Wendy Strgar Willamette Angel Conference (Eugene) 5/14
REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
$2M Concordia University (Portland) 17,000-sq.-ft. building (ID)/Front 5 (ID) 5/10
$1.2M American Pacific International Capital (Portland) Oregon Pacific Building (Portland)/Ted Papas (Portland) 5/6
$600,000 Powerstrip Investments (Portland) 6,100-sq.-ft. commercial (Gresham)/Honey LLC (Portland) 5/31
ND Portland Community College (Portland) Five acres industrial (Portland)/State of Oregon 5/3
 

More Articles

Behind the curtain: What students should know about accreditation and rankings

Contributed Blogs
Thursday, December 04, 2014
120414-edurating-thumbBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS