👋 Hey — Egemen here (started re-using X after 2+ years, give me a shout).
Most founder letters in annual reports are pure fluff. "We're excited about the future." "Our team is our greatest asset."
You've read them. I stopped reading them years ago.
This one's different.
What two founders learned growing a 37-year-old company
Intrepid's co-founder and CEO don't do corporate gloss. Their opening letter in the Integrated Annual Report gets into what 2025 actually required: the hard calls, the strategy reset, and how a nearly 30% growth year still came with real challenges.
I respect founders who talk about the hard parts publicly, especially when the numbers are good. Growth plus honesty is rare.
Presented by
Worth 10 minutes if you want to see what a transparent leadership update actually looks like.
