This CEO's first 2 side hustle attempts failed—now his third business is worth $4 billion

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

This CEO's first 2 side hustle attempts failed—now his third business is worth $4 billion (via CNBCMakeIt)

to get two other apparel brands off the ground. One was a contemporary women's apparel brand called Sammy Jo. The other was a T-shirt startup he'd also called Vuori, the Finnish word for "mountain."To avoid a repeat collapse, Kudla studied his previous two attempts. He'd launched both as side hustles while working a full-time job as an accountant, first at Ernst & Young and later with San Diego-based staffing consulting firm Vaco.

Second, he knew from experience that he might want to throw in the towel and return to his full-time job if Vuori struggled early on. So, aiming to build an activewear brand that could compete with the likes of Lululemon, Kudla quit his job at Vaco and raised $700,000 in a "friends and family" funding round to begin making and marketing Vuori's first products.in less than two years. But without an obvious fallback plan, Kudla felt he needed to double down and find a way for Vuori to make money.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

How TikTok's CEO prepared for his first grilling on Capitol Hill | CNN BusinessShou Zi Chew is getting ready for his inaugural trip to Congress. Asians have the weirdest names, and don’t tell me it’s a cultural difference. He’s kinda hot Communist piece of crap .. everyone knows he’s a spy for communist China..he should be banned from the USA
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

TikTok CEO testifies before Congress for the first time | CNN BusinessUS lawmakers are set to grill TikTok's chief executive on Thursday, in a wide-ranging hearing that could not come at a more consequential moment for the embattled social media platform. The fear of China is the beginning of wisdom. China's relationship with the rest of the world commands respect and I see them rising more with great influence, affluence and impact. What a waste of time. Just ban the CCP. We are being attacked from within. Politicians in both parties have received generational wealth from the Communist Chinese Party. This needs to stop and hold to account the media that has supported the communalist Chinese by running cover and failing to report to Americans.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »