532: How Eight Sleep Grew From $0 to $500M Enhancing YOUR Sleep - Matteo Franceschetti [VIDEO]

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 4 October 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Matteo Franceschetti, founder and CEO of Eight Sleep, shares his incredible journey of transforming sleep into a science-backed, performance-enhancing tool. Matteo, a former athlete, speaks about the inspiration behind Eight Sleep and the importance of optimizing sleep for peak performance. He takes us through the product development journey, from the first iterations to the game-changing Pod, and discusses how the company achieved product-market fit by listening to customers. Matteo also dives into the challenges of building a hardware startup, the importance of team dynamics, and how Eight Sleep is expanding globally. Listen to Nathan and Matteo discuss: - The journey from athlete to sleep tech pioneer - The development of Eight Sleep’s Pod and its unique features - How customer feedback shaped product innovation - The challenges and rewards of scaling a hardware startup - Navigating the sleep tech industry and global expansion - The future of sleep technology and its impact on wellness and performance - Many more valuable insights for entrepreneurs Click here to start your business for $1. You’ll get all-access foundr+, where you’ll find more in-depth, proven strategies from founders like our guest today and support and advice from our global community of 30,000 founders. If you loved this conversation and learned something new, rate and review this episode. Stay in touch with us, follow foundr on your favorite platform: Foundr.com Instagram YouTube Facebook X LinkedIn Magazine

Transcript

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0:00.0	Around 10 years ago, I started looking at my health, trying to take care of myself, and I started
0:04.7	wondering, while Elon Musk is taking me to Mars, but I still spend the third of my life on a piece
0:09.6	of dump phone.
0:10.6	Mateo Franchetti isn't just making mattresses.
0:13.4	He is redefining the role of sleep in our daily lives.
0:17.1	Enter 8Sleep, company that's taking sleep from a basic necessity to a key factor in optimizing your
0:23.3	well-being eight sleep has gone global securing a valuation of over five hundred million dollars
0:28.9	and establishing itself as a business leader in sleep technology our goal is to improve your sleep
0:35.3	and save your life and so we really have followed the approach of a Red Bull or Nike, but for sleep.
0:40.7	Usually sleep has always been about the lazy sun days in bed,
0:44.1	but it's all about giving you the energy, the stamina, and the drive to achieve your wildest dreams.
0:52.7	Hear the stories.
0:58.7	Learn the proven methods and accelerate your growth and future through entrepreneurship. Welcome to the founder podcast with Nathan Chan.
1:06.5	Well, welcome, Mateo. Super excited to speak with you. As I said, offline, your product ate sleep.
1:14.3	It has been an absolute game changer for mine and my girlfriend's sleep. I cannot recommend it enough.
1:21.5	I speak to so many friends about it. It is the coolest thing ever. So first of all, congratulations on building such an incredible
1:28.7	product. The first question that I want to ask you is what inspired you to start eight sleep
1:35.4	and how did your personal experiences shape what the provision of this company is?
1:42.5	Yeah. First of all, thank you for having me.
1:44.6	I'm really excited to be here.
1:47.5	I used to be an athlete when I was a teenager,
1:50.0	so I have always been in performance and recovery,
	...

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