E3: Mike Salguero - Bootstrapping ButcherBox to $600M in ARR while working 4 days/week...
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E3: Mike Salguero - Bootstrapping ButcherBox to $600M in ARR while working 4 days/week...
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About this listen
(0:00) Intro
(3:45) Buying CustomMade - relaunching and making every mistake in the book
(7:09) Raising VC for CustomMade and getting on the VC train
(11:24) CustomMade failing
(17:17) Starting ButcherBox as a hobby business while collecting unemployment
(21:56) The 3 core decisions that led to ButcherBox success
(28:06) Growth hacking to Go To Market success
(36:47) Starting 3 businesses at the same time to land on ButcherBox
(41:30) The psychological state that led to ButcherBox being launched
(43:43) Spotting trends and getting ahead of the Covid curveball
(48:10) How to finance inventory
(55:20) Working 4 days a week and work life balance
(1:03:57) How to work effectively, vivid visions, annual personal goal setting
(1:07:39) Mentorship, coaching, enneagram personality test, peer groups, YPO
(1:15:02) Long term ButcherBox plans