Source: Business Insider
Casper CEO Philip Krim’s obsession with securing a $1 billion “unicorn” valuation derailed three potential buyouts of the online mattress seller, according to the New York Post . The startup, which filed to go public last week, discussed a sale with Tempur Sealy and Serta Simmons last year, but both mattress retailers walked away when Krim refused to budge on price, the newspaper reported. “Casper never pursued a sale in 2019,” a company spokeswoman told the New York Post. Casper reportedly held sale talks with Target in 2017, but the retail giant ended up taking a minority stake, possibly because it only offered about $900 million, venture-capital sources told the newspaper. View Business Insider’s homepage for more stories . Casper CEO Philip Krim’s obsession with securing a $1 billion valuation — making his online mattress seller a “unicorn” — derailed three potential buyouts of the business, according to the New York Post . Casper — which filed to go public last week — discussed a sale with mattress retailers Tempur Sealy and Serta Simmons last year, the New York Post reported, citing unnamed sources.