034: The 4Pβs that Electrified this Bike Company in China - Don DiCostanzo of Pedego Electric Bikes π΄π²
Entrepreneur Stories 4β£ Inspiration
Millionaire Interviews Podcast & Sir Austin Peek
4.7 β’ 2K Ratings
ποΈ 1 January 2021
β±οΈ 41 minutes
ποΈ Recording | iTunes | RSS
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| 0:00.0 | When I decided to open up the store, my wife was fully supportive, but my kids were very |
| 0:22.8 | concerned and at what point they asked my wife. |
| 0:25.6 | What the heck is Dad doing? Open up a bike shop. He doesn't know anything about bikes. |
| 0:31.3 | My daughter called me up one day and said, you know, my friend's dad bought one of your bikes and he thinks it's really cool. |
| 0:47.6 | My name is Don Deque-Stanzo and I'm the co-founder and CEO of Pedagolelectric Bikes. |
| 0:52.4 | We manufacture cell electric bikes through a chain of about 100 plus retail stores around the world. |
| 0:59.6 | About 75 in the US and the other 25 are scattered around the world, the Canada, Italy, France, and England. |
| 1:07.3 | You've always been a bicycle rider? How'd you get into this? |
| 1:09.7 | Interesting enough, I've never been a bicycle rider except when I was a kid. |
| 1:13.7 | When I was younger, I had my share of stingrays and then 10 speed bikes, but when I became 16 and got my driver's license, |
| 1:21.3 | that was the end of bikes. Until I turned 50 and when I turned 50, I lived at the beach and I had a big hill to go up after I rode down at the beach. |
| 1:29.5 | So I never rode my bike because I hated to climb that hill afterwards. |
| 1:32.8 | But I heard about electric bikes, so I bought one and son of a gun had got me up the hill and I realized, well, maybe there's something to this. |
| 1:39.4 | So after I bought one, I then bought five or six more so my friends could ride with me and I had a garage full of them and we had a blast, |
| 1:46.3 | but I had a difficult time buying one. So then I opened a retail store to do nothing but sell them for a new pork beach in 2007 |
| 1:53.2 | and I became the largest electric bike store in the country in a matter of 12 months, not because I was so good, |
| 1:58.7 | but because everybody else was so bad. |
| 2:00.6 | What age did you open the bike shop? |
| 2:02.4 | It was 50. |
| 2:03.2 | And how old are you today? |
| 2:04.2 | 60. |
| 2:04.8 | Okay, what'd you do the first 50 years in between? |
... |
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