#1262 Mike Beckham | This Man Built $1B+ Business Selling Water Bottles

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 16 October 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mike Beckham is the founder & CEO of Simple Modern, a global producer of premium drinkware & lifestyle products. In this conversation, we talk about entering markets with high competition, how to sell an established product, strategy differentiation, core principle of achieving excellence, why you should always be generous, challenges of American manufacturing, and how to scale between a player & coach.

=======================

Trust and Will has simplified the process of creating and managing your will or trust online. They leverage a data-driven, design-first approach and amazing customer support to help you protect your legacy from the comfort of your home starting at just $159. Sign up today for 10% off using ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://trustandwill.com/pomp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

=======================

Auradine, a leader in web infrastructure solutions including blockchain, AI, and privacy, has unveiled the world's first 4nm Bitcoin mining systems, featuring breakthrough EnergyTune™ technology, setting new standards in performance and energy efficiency. The Teraflux™ product line from Auradine offers best-in-class performance, efficiency, and total cost of ownership (TCO), positioning it as the optimal choice for Bitcoin mining needs. With EnergyTune™, a patent-pending technology, Auradine's Teraflux™ systems enable rapid demand response and optimal energy usage, fostering a symbiotic relationship with electrical grids, and contributing to sustainable energy practices. Designed and manufactured in the US, Auradine's Teraflux™ product line not only ensures cutting-edge technology but also mitigates supply chain risks and provides increased supply chain resiliency. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.auradine.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for more information the Teraflux bitcoin mining systems.

=======================

Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

Transcript

Click on a timestamp to play from that location

0:00.0	What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp
0:07.7	podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube,
0:21.1	and tell your friends and family about the podcast. My goal is to help millions learn from the
0:26.5	world's most interesting people. So let's get in to today's episode. The following conversation
0:31.6	is with Mike Beckham, the founder and CEO of Simple Modern. Simple Modern sells tons of
0:37.3	Tumblr's that you've probably seen people
0:39.3	carrying around.
0:40.5	The business does nine figures in revenue, and Mike has a very unique approach, where they
0:44.8	actually donate 10% of profits every single year, and they describe themselves as mission-driven
0:50.3	and values-based.
0:51.9	When we go ahead and we take a look at this conversation, we covered
0:55.2	everything from entering markets with high competition, how you can actually sell an established
0:59.5	product, where competition comes with demand, strategy differentiation, a core principle of achieving
1:05.2	excellence, why you should always be generous, how the company is structured, the challenges
1:10.3	of American manufacturing,
1:12.1	and one of my favorite parts was when we talked about how you have to scale between a player,
1:16.6	a player coach, and a coach in all three roles in order to build a successful large company.
1:22.6	Mike has been there and done that.
1:24.5	He's built a number of very large businesses, and so it was great to have him on to talk about all the tactics and techniques that he's perfected over the years.
1:32.0	Here is my conversation with Mike Beckham.
1:35.5	Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast
1:40.7	are surely their opinions and do not reflect the opinions of pomp investments.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Anthony Pompliano, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Anthony Pompliano and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.