Spencer Jan is the co-founder of Solo Stove, along with his brother, Jeff, and they have a phenomenal story of bootstrapping their way to a $2-billion valuation in only 8 years. Within the last 24 months alone, they’ve had two private equity deals and three major 8-figure acquisitions! Spencer joins me today to talk all about that and so much more.
Listen in as he shares Solo Stove’s journey from being a side hustle to a highly profitable and valuable company. You’ll hear why they obsessed over margins from the very beginning, as well as the painful reality they faced when they first went to sell. We also discuss the importance of profitable margins, how to stay lean as a company, and why it’s important to get out of the default mode of working more and instead spend more time on what matters most.