Ryan Blair

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Ryan Blair
BornJuly 14, 1977 (1977-07-14) (age 47)
NationalityAmerican
OccupationEntrepreneur
Known forNothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur

Ryan Blair (born July 14, 1977) is an American entrepreneur and author. [1] He is the former co-founder and chief executive officer of the multi-level marketing company ViSalus Sciences, a subsidiary of the publicly traded company Blyth, Inc. [2] [3]

Contents

In 2011, he wrote a book titled Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur which reached The New York Times Best Seller list for hardcover business books. [4] [5] Ernst & Young named Blair as Entrepreneur of the Year for Michigan & Northwest Ohio in 2012. [6]

Early life

Blair was raised in Southern California. A product of a broken family, at the early age of 13, "he was already heavily 'involved in stuff' after his father succumbed to drug addiction," Blair told Business Insider in an interview. [7] He dropped out of high school in the 9th grade, left home, and became a gang[ specify ] member in his home-town of Los Angeles. [1] [7]

When he was 18, Blair's mother began dating a successful real-estate entrepreneur who became Blair's mentor and gave him his first job at Logix Development, a computer technical support provider. [5] [7] [8] At age 21, after serving as vice president of Logix Development he founded the technical-support firm 24/7 Tech. [7] [8]

Business and writing

In 2005, Blair became the CEO of the multi-level marketing company ViSalus Sciences. [9] [10] In 2008, ViSalus was in debt and facing bankruptcy. [7] That year, Blyth Inc. began a multi-stage takeover, paying the three owners $105.7 million and stock valued at $143.2 million for an 80 percent share of the company. [11] Blair remained as CEO.[ how? ][ why? ] In 2010, Blair won the DSN Global Turn Around Award "when he actually turned the company around from a $6 million debt in early 2008 to $150 million in revenue 16 months later." [7] [12]

In 2011, Blair released an autobiography, Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur. The book was ranked 3rd in The New York Times Best Seller list for August 2011 and was a number one New York Times Hardcover Business Book bestseller in September of that year. [4] As of 2012, ViSalus was valued at $600 million. [13] Revenue subsequently declined and the company operated at a loss for 2013 and the first two-quarters of 2014. Blair and his fellow co-founders re-acquired 90 percent of the company that year, eliminating Blyth's obligation to pay for the stock acquired in 2008. [11]

In 2016, Blair released his second book, titled Rock Bottom To Rock Star. [14]   The book focuses on teaching individuals how they can become rock-star entrepreneurs, by redefining what rock-star means. [14]  "It isn't the celebrations that make you a rock star, it is the hard work" says Blair.[ citation needed ] In 2018, Kasi Head, a former beauty queen and longtime girlfriend to Blair, filed a restraining order against Blair and alleged the entrepreneur broke her nose and knocked out her teeth. [15]

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References

  1. 1 2 Duff McDonald (November 30, 2012). "Business Lessons From a Former Gang Member". Bloomberg Businessweek. Archived from the original on December 3, 2012. Retrieved February 25, 2013.
  2. ↑ "40 Under 40 – Ryan Blair". Crain's Detroit Business. 2012. Retrieved February 25, 2013.
  3. ↑ Issie Lapowsky (June 28, 2012). "Why I Carry This Reminder". Inc. Magazine. Retrieved February 25, 2013.[ self-published source ]
  4. 1 2 "Hardcover Business Books Best Sellers September 2011". New York Times. Retrieved February 25, 2013.
  5. 1 2 Scott Fummer (December 1, 2011). "Road Warrior: Ryan Blair". CNN Money. Retrieved February 25, 2013.
  6. ↑ "MNWO 2012 Award Winners" (PDF). EY.com. 2012. Archived from the original (PDF) on December 7, 2013. Retrieved February 25, 2013.
  7. 1 2 3 4 5 6 Giang, Vivian. "How This Guy Went From Gang Member To Multimillionaire Entrepreneur". Business Insider. Retrieved April 14, 2020.
  8. 1 2 Laurent Belsie (February 5, 2012). "The job-shifters: people who reinvent themselves mid-career". The Christian Science Monitor. Retrieved February 25, 2013.
  9. ↑ "Blyth, Inc. Completes Third Closing of ViSalus Acquisition". Reuters. January 16, 2012. Archived from the original on February 10, 2013. Retrieved February 25, 2013.
  10. ↑ "Blyth delays completion of ViSalus purchase to 2014". Reuters. October 1, 2012. Retrieved February 25, 2013.
  11. 1 2 Walsh, Dustin (September 14, 2014). "ViSalus co-founders buy back stake, launch new product line". Crain's Detroit Business. Archived from the original on July 1, 2018. Retrieved September 23, 2014.
  12. ↑ Dan Schawbel (August 8, 2011). "Entrepreneurship: Nothing to Lose and Everything to Gain". Forbes Magazine. Retrieved February 22, 2018.
  13. ↑ Janean Chun (March 2, 2012). "Ryan Blair, ViSalus: My First Million". Huffington Post. Retrieved February 25, 2013.
  14. 1 2 Ryan Blair (October 4, 2016). "Rock Bottom to Rock Star, Lessons from the Business School of Hard Knocks". penguinrandomhouse.com. Retrieved October 25, 2024.
  15. ↑ "Ryan Blair's Ex Slaps Famous Author With Restraining Order, Claims He Broke Her Nose". RadarOnline. February 8, 2018. Retrieved April 14, 2020.
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