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This Week in Startups

The cost of CEOs ignoring mental health with Bonobos Founder Andy Dunn | E1470

This Week in Startups

Jason Calacanis

Technology

4.41.3K Ratings

🗓️ 27 May 2022

⏱️ 51 minutes

🧾️ Download transcript

Summary

Today's episode is a Molly solo interview with Bonobos founder and author of "Burn Rate," Andy Dunn (2:30). We go deep on entrepreneurship and mental health, talk about how founders are up to 7x more likely to suffer from bipolar disorders than the average person, how Andy's bipolar disorder impacted building his business (22:09), and advice for founders navigating mental health struggles (34:31).

(00:00) Molly tees up today’s episode with Bonobos founder Andy Dunn
(2:30) Molly speaks with Andy Dunn about his book “Burn Rate”
(12:30) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(13:52) Andy Dunn on mistakes he made as a leader
(20:52) Wealthfront - Get your first $5,000 managed for free, for life at https://wealthfront.com/TWIST
(22:09) Andy on navigating his Walmart acquisition amidst his mental health issues
(33:21) ActiveCampaign - Get 10% off your ActiveCampaign subscription today at https://activecampaign.com/promo/twist
(34:31) More emphasis on mental health in startups; male traits in entrepreneurship

Transcript

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0:00.0

Hey, everyone. Welcome to this week in startups Thursday edition. Today is a Molly Solo interview with Bonobos founder Andy Dunn.

0:07.4

Bonobos, of course, is the menswear brand. You actually might remember them as one of the original online focused indie consumer brands that hit it big in the early 2010s.

0:17.7

You know, a Warby Parker Dollar Shave Club. Lots more.

0:22.0

Bonobos was eventually acquired by Walmart for over $300 million in 2017. But what you might not know is that Andy, the founder and CEO, lives with bipolar one disorder.

0:34.4

And earlier this month, he published a book titled Burn Rate, launching a startup and losing my mind. This book is intense. It is super deep. And he's very open and honest about his experience living with bipolar one disorder.

0:48.4

He describes his manic episodes in the present tense. It's so raw is the only word I have for it. In our interview, we go super deep on entrepreneurship and mental health, the crossover in many cases between those two things.

1:04.9

We talk about how founders are up to seven times more likely to suffer from bipolar disorders than the average person.

1:12.0

We talk about how his disorder impacted building his business and his advice for founders and navigating mental health struggles. And of course, where he is right now. It's a super important topic. It's a really great conversation.

1:23.9

Stick with us.

1:25.5

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1:38.0

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1:45.0

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1:51.0

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1:57.0

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2:06.0

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2:15.0

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2:20.0

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2:30.0

Andy done. Thanks so much for coming on this week in startups.

2:33.0

Thanks for having me.

2:36.0

I mean, I feel like everybody probably starts with the same question or some version of the same question because it is very rare to read a book by anyone that's as honest and reflective and raw as this one is like it is not a business book in the way that we think about it.

2:56.0

But it's also just there are people who tell stories about going through things but the reading about your process of literally understanding yourself even as you describe what you went through is like remarkable.

3:08.0

What was it? What did it take to write it and then how did the experience of writing it change you?

...

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