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Entrepreneur Stories 4⃣ Inspiration

073: Why Mark Cuban didn‘t Paddle by this Offer on Shark Tank - Stephan Aarstol of Tower Paddleboards

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.72K Ratings

🗓️ 1 January 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stephan Aarstol is the CEO and founder of Tower Paddle Boards, a direct to consumer brand that focuses on the beach lifestyle niche. Tower was named the "Fastest Growing Company in San Diego" by the San Diego Business Journal in 2014, and ranked #239 on the 2015 INC 500 list of America's Fastest Growing Companies. *** For Show Notes, Key Points, Contact Info, & Resources Mentioned on this episode visit here: Stephan Aarstol Interview. ***

Transcript

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0:00.0

What's up everyone this is Gwen. This is JV. This is JAPOI aka DJ Shrimp and you're listening to

0:06.4

millionaire, millionaire interviews. On this episode we bring you another special guest from Shark Tank.

0:18.5

If you want to check out other Shark Tank companies we've had on this podcast,

0:22.4

then be sure to check out these episodes during your next romantic walk on the beach.

0:26.5

Episode 11 with Eli Crane of Bottle Breacher.

0:31.6

Episode 35 with Jim Saliekis of Cousin's main lobster.

0:36.4

And Episode 38 with Aaron Kraus of Scrup Daddy.

0:41.2

Now on to the show.

0:44.5

Now I sort of look at every business in that perspective.

0:47.6

Am I really meeting a net demand here or am I creating something and then trying to sell

0:53.4

to people because that's an nightmare, Chris. And the first one is easy. People just fall over

0:57.8

themselves and give me money.

1:03.8

So who cares about the upside? You're like, where are you going to this year? That's the only

1:07.5

thing you should worry about. One tool that's just incredibly, when I tell people about this,

1:12.9

they don't even believe me that this thing exists. It's called up.

1:16.8

I went to China the first time ever in 2015 and I've been sourcing there since 2004,

1:26.0

without ever worrying about quality or any of that just because of a tool like that.

1:33.4

So my name is Stefan Arstahl on the founder and CEO of Tower Paddleboards, a direct-to-consumer brand

1:39.9

that focuses on beach lifestyle products. And we sort of championed the work-life balance.

1:44.7

I also, the author of a book called The Five Hour Workday based on an experiment my company did

1:49.4

about two and a half years ago where we moved the whole company to a five-hour workday,

1:53.6

a year to hand it on to one PM straight through a lunch to try to compress the day and get more

...

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