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The Knowledge Project with Shane Parrish

#205 Rob Fraser: How an Elite Athlete Built a $10M Business Breaking Every Rule

The Knowledge Project with Shane Parrish

Farnam Street

Business, Investing, Entrepreneurship

4.72.9K Ratings

🗓️ 15 October 2024

⏱️ 99 minutes

🧾️ Download transcript

Summary

Rob Fraser unveils the untold story of OUTWAY—from hawking socks on street corners to building an eight-figure empire. Surviving near-catastrophic business crises, he leveraged lessons from his professional sports career to navigate the business world. Discover the counterintuitive mental models that transformed a world-class athlete into a business maverick, turning the humble sock into a ten-million-dollar revolution.


As a special offer to listeners, the TKP community can get 30% off using the code SHANE at checkout. https://outway.com/


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Follow Rob:

X: https://x.com/robbfraser

LinkedIn: https://www.linkedin.com/in/robbfraser/


Sponsors:

Somewhere.com https://www.somewhere.com/

Overlap: https://www.joinoverlap.com/

Transcript

Click on a timestamp to play from that location

0:00.0

For 10 years, I woke up with a very clear idea of what I wanted to do with my life and where it was going to go.

0:06.8

And I loved that.

0:07.7

I woke up every day with a fire in my belly saying, this is the goal.

0:12.1

Here's how I'm going to get it.

0:13.0

And here's what I'm going to do.

0:14.3

And then almost seemingly overnight, when I walk away from the sport, that's gone.

0:18.7

Your identity's gone. You know, like the day before I retire,

0:22.0

it's, hi, I'm Rob Fraser, professional cyclist. It was everything. The next day, that's gone. And over

0:28.0

the next year, that fades away because you're no longer on the scene. And the friends, they're still

0:32.5

friends, but you don't see them. And the common interest starts to fade. And, you know, that kind of led to this dark period for me where I was like, what am I going to do with my life?

0:49.7

Welcome to the Knowledge Project. I'm your host, Shane Parrish. In a world where knowledge is power,

0:55.5

this podcast is your toolkit for mastering the best of what other people have already figured out.

0:59.6

If you're listening to this, it means you're not a supporting member. Members get early access,

1:04.2

no ads, my personal reflections at the end of the conversation, access to the highlights

1:08.8

from the books I'm reading, hand-edited transcripts, and so

1:11.6

much more. Check out the link in the show notes for more information. My guest today is Robb Frazier,

1:16.4

founder and CEO of Outwe, a rapidly growing direct-to-consumer brand disrupting the premium

1:22.1

performance stock market. Rob's entrepreneurial journey is a masterclass in overcoming obstacles

1:27.2

and scaling a business.

1:28.9

In just a few years, Outway has gone from startup to multi-million dollar success story.

1:34.1

The company has achieved impressive year-over-year growth progressing through four, five, six, seven, and now eight-figure revenue milestones.

1:42.2

Rob's ability to focus on what matters, build a strong brand, and execute on scaling,

...

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