Ep.552 ~ Building a $2 BILLION eComm Business ~ Spencer Jan
~ Interviewing Billionaires, Billion Dollar Founders
& the World's Most Interesting People ~
Have you heard about any eComm side-hustles growing to become a $2 Billion company? This might sound too good to be true, but it did happen when Spencer Jan jumped into entrepreneurship and started a business in his garage in 2010 with his brother and only $15,000 to his name.
Spencer has started numerous eCommerce ventures since but nothing surmounts to the wildly successful SoloStove that upended an entire industry and grew into SoloBrands where they eventually raised $219 million through an IPO giving the company a $2 Billion valuation!
Here to share that story today is the founder of SoloStove, Spencer Jan!
04:14 Who is Spencer Jan?
05:45 Late Bloomer Entrepreneur
08:00 Bootstrapped Lifestyle Entrepreneur
10:03 The Four Hour Work Week by Tim Ferris as an Inspiration
14:01 Spencer’s Willingness to Try Anything to Achieve a Freedom
16:31 Magic Behind Solo Stove
23:50 Believing in the Methodology of Improvement
28:58 Why Brand Connection Matters
34:00 Selling the Majority Stake of the Company
36:07 Duct Tape & Dreams Phase
42:33 Pain for a Good Cause Phase
47:49 Freedom. I’m out Peace Phase
53:15 Giving up Control and Support in a Passive Role
55:40 Choose Your Own Adventure
01:02:44 Focus on Balancing Life in a Healthy Way
01:05:35 Reach out and Learn More about Spencer Jan