Republic Republic Republic
  • Log in
Open account
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
Primary market Live deals Trading Buy and sell Republic Note Own a piece of Republic's upside
Republic Ventures Opportunities for accredited investors
Republic Capital Multi-stage venture firm
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain
Republic Capital In-house Venture Capital fund Broker dealer Regulated capital services
Republic Republic Republic
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
  • US

  • Log in
  • Open account
All investors
Primary market Live deals Trading Buy and sell
Republic Note Own a piece of Republic's upside
Accredited only
Republic Ventures Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets
Tokenization Deploy your assets on-chain
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services
Insights

Founders

· August 17, 2021

Marcel Benson, Benson Watch Company

  • Liked
    Like
    0


What’s the inspiration behind Benson Watch Company?

I have always been passionate about watches. I got my first one at age 7, and since then I’ve collected about 100 of them. It took me a long time to understand why I was drawn to them—I had to live a little first.

Marcel on the day he quit his jobI followed a traditional life path: went to college, then got a job. After a few years, I realized I wasn’t happy. I was trying to fit into a box I was too big for, and I was not living an authentic life. As I began to reflect on how I spent my time and what made me happy, I started to understand why I had been collecting watches all these years.

I started this business with the hope that my journey would inspire anyone who came in contact with the brand. Our slogan is: “Time Should Be Spent Doing What You Love”. I wrote this as a reminder to myself, and every day I’m committed to making it someone else's reality as well. 

These watches are more than just jewelry—they are reminders to remain in pursuit of your passion.

How do you handle risk and competition?

Doing what we love is our birthright. Remaining authentic is the single most important way of handling competition and risk.

I stay aware of what’s going on in the market, and I try to maintain my authentic self through it all. Offering watches and accessories in an unconventional way is my superpower. The story of our brand and what it represents is powerful—and it resonates with people from all walks of life.

Has the Black business community played a role in the success of your company?

Yes, the Black business community has played a huge role in the success of the company. Early acknowledgment from outlets like Black Enterprise and Rolling Out magazine helped us gain exposure we would not have been able to garner on our own. Many of my first customers were Black people who just wanted to ensure that I stayed the course to win.

Why did you decide to raise from the crowd via Republic?

I looked around the industry and didn’t see any notable brands that looked like me. I wanted to change that. With the proper capital, I believe we are uniquely positioned to scale our business—and I wanted to give those who know and love the brand the opportunity to grow with us.

What has been your experience as a Black entrepreneur and founder?

My experience as a Black entrepreneur has been one of having to rely on myself and the community for exposure. It's been one of advocating for my community in every opportunity that I receive. It's about believing that my story and success can make it slightly easier for the next generation of kids that look like me that may have a cool idea.

Marcel as a guest speaker—and the only Black person present—at the Inhorgenta Watch Conference in Munich 

How can we help create a more diverse and inclusive startup ecosystem?

We can create a more diverse and inclusive ecosystem by spending more time holding dialogue with people of the Black and Brown communities to get a better understanding of the culture. There also need to be more people of color in positions to make decisions about the company's future. We need representation or we'll be left out each time a decision is rendered.

Companies often get written off because they may not be relatable based on someone's limited point of reference, but there's a whole world of people that love and resonate with what Black people bring to the table.

What’s your team culture like? 

Our culture is centered around the belief that time should be spent doing what you love. Each person that works with the company has something else that they are working towards. While they are committed to their job, they have dreams as well—and we support and foster that. We have developed an ambitious and caring culture by prioritizing our mission.

Marcel with his brother Quincy, who manages the Benson Watch warehouse

What's your advice to Black entrepreneurs looking to start a company?

We are uniquely positioned to be incredible in business. Our life experiences are rare, and in many ways they set us up for the grit, resourcefulness, and outside-of-the-box thinking that entrepreneurs rely on every day.

Use your life experience and start now. Don't wait—you'll learn as you go. Stay focused, keep learning, and start from where you're at.

Do you have any unusual routines or habits? 

I freestyle in the car in my drive time to process the day—think Issa Rae in the mirror freestyling on HBO's Insecure.

If you could give yourself one piece of advice 5 years ago, what would it be?

Don’t try to please everyone!

Share this story

Read next

May Portfolio Update

Republic

May Portfolio Update

New funding rounds, international rollouts, acquisitions, and infrastructure partnerships. Catch up on the latest news from portcos.

Republic launches tokenization of Animoca Brands equity on Solana

Republic

Republic launches tokenization of Animoca Brands equity on Solana

Republic’s tokenization broadens access to Animoca Brands equity for eligible investors worldwide. The initiative leverages Republic’s full-cycle, on-chain infrastructure, seamlessly spanning tokenization, issuance, and secondary market trading.

Republic Joins XDC Network as an Institutional Validator

Digital assets

Republic Joins XDC Network as an Institutional Validator

Strengthening Security for Trade Finance and Real-World Asset Infrastructure

Get notified about new posts

Not a valid email address
Republic

Giving everyone access to early-stage startup investing

For investors
  • Why invest
  • How it works
  • FAQ
  • Risks
  • Privacy policy
  • Accessibility
  • Cookie Preferences
  • Form CRS
For startups
  • Why raise
  • Learn
  • FAQ
  • Tokenized assets
Company
  • About
  • Insights
  • Events
  • Contact
  • Security
  • We're hiring!
Dollar Refer a startup, get $2,500
Dollar Refer a startup, get $2,500

Invest in the app

Android app iOS app

Invest in the app

Android app iOS app

This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.

By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

Invest in startups using your credit card
You can invest using your credit card

Made in SF/NYC