The craziest rags to riches story I’ve ever heard ($1/day to billionaire)

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 5 February 2025

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 673: Shaan Puri ( https://x.com/ShaanVP ) talks to Nick Mowbray ( https://x.com/NMowbray23 ), the founder of the most profitable toy company in the world. — Show Notes: (0:00) Selling DIY hot air balloons door-to-door (5:57) First product (21:32) $30M David Beckham Tamagotchi fail (30:18) Nightball (36:18) Robofish (41:43) Diapers (48:44) Shampoo, pet food, confectionary, supplements, home products (1:00:07) Zurutech - a self-funded moonshot (1:03:28) Serial entrepreneur flywheel — Links: • Zuru - https://zurutoys.com/ • Zuru Tech - https://zuru.tech/ • Boom Supersonic - https://boomsupersonic.com/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

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0:00.0	It seems like it was an insane decision to go to China with no money, no plan, no relationships,
0:04.0	no language skills, slept in a bush and literally build your own factory.
0:08.0	That was a disaster.
0:10.0	When I say we were naive, I feel like that is even an understatement, but to be fair, success is a bad teacher.
0:16.0	And in our business now, I'm a huge believer in firing bullets and failing fast.
0:20.0	And then at the bullet works,
0:21.6	it's a cannonball and we invest and we build the recipe around that. How big is the empire today?
0:26.6	So we have a two out of a billion US in revenue. And it's public or it's not a public company?
0:33.6	Are you ready? Are you ready?
0:34.6	Wow.
0:35.6	I feel like I can rule the world.
0:38.3	I know I could be what I want to.
0:41.3	I put my all in it like no days off on a road.
0:44.3	Let's travel.
0:45.3	So I have like a love language when it comes to business.
0:50.3	And my love language is self-made, dropped out of college, family business, multi-billion
0:57.4	dollar company with no outside capital. Like you hit all of the things on my little bingo
1:02.0	card there, which is what got me interested. I want to start with the origin story. So here's
1:07.8	the bullet points. Grew up on a dairy farm. started selling door-to-door hot air balloons, was in law school,
1:15.5	then quit because he didn't like walking up a big hill every day, and then made a crazy rash
1:20.2	decision, moved to China with no money, no plan, no relationships, no language skills,
1:24.3	slept in a bush, somehow turned that into a billion dollar company. So that's the
	...

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