Explaining a multi-million dollar failurefrom @squidpakter

Transcript

What the hell happened to PolarPod? So if you guys don't know, PolarPod was a business I was a part of while I was in college. Essentially, what it was was like a white labeled ice bad. Little different from drop shipping because drop shipping is just when you sell somebody else's product. But ours, we actually, like, slap the name on it and made a whole brand around. Still though, there's nothing really unique, about a white labeled product except for the marketing behind it. The product itself is pretty similar with a lot of other ones. I played a very small role in PolarPod. I only had, like, 5% of the company, but in seven months we scaled from zero to 800 ks and then everything came crashing down. As you can see right there, total sales at 3,000,000, like, you know, decent business, especially in its first year of inception, but obviously it failed and no one really made any money. I think you learn more from your failures than you do from your successes. And I know that myself and the other founders learned a lot from this experience, but I haven't really talked about it too much. So I'm wondering, do you guys think I should make a podcast with the other founders on how we lost a multimillion dollar business? All my podcasts so far have been success tier, right? How this 21 year old made $20,000,000 how this kid competed in the Paralympics, how this drug dealer turned to a Navy seal, but this is almost like the opposite. It's an epic failure. So do you think I should make a video on that? I do think there's a lot of great takeaways, a lot of things other people could learn. That way, they don't have to make those mistakes themselves. Anyway, let me know.