Business Building
sari and
Business Building
Birkenstock IPO’d today at a ~$8B valuation.
Its CEO Oliver Reichert did a massive turnaround in the past decade: sales 5x’d from $125m in 2012 to $1.3B in 2022.
The wildest part: he has zero background in footwear or fashion.
Prior to taking over the top job in 2013, he… Show more
Quickly, though, I cared quite a bit—about the mission, my coworkers, the writers we worked with. First of all, I couldn’t fake liking the people. And while work-life balance would’ve been pleasant, you have to get in the pressure cooker if you want to grow. Let a place shape you, at least sip the kool-aid. My generation is well-practiced in the ar... See more
via jasmine sun
The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture
Scott Belskyamazon.com
I think we have so many examples of assholes starting businesses, and if they’re the majority of examples, we’re only going to have shitty businesses. I want to see people with very specific perspectives and opinions on how to manifest things into the world. More people should take business personally.
In more physical industries, there are generally diminishing marginal returns: the next acre you plant and next oil well you drill is probably not as productive as the last one—because if it were, you would have done it first! But the next user of a software platform is often more valuable than the previous one, because they increase the size of the network.
Jeff Bezos Shareholder Letters | Founders Podcast with David Senra #282 • Podcast Notes
podcastnotes.org
A business doesn't need a mission, a vision, a guiding light, or a north star to stay in business. It doesn't need AI or this framework or that tech stack. It doesn't need an investor, a board, or the backing of X, Y, or Z.
It just needs to make more than it spends.