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Masters of ScaleBombas: From Shark Tank to over a BILLION in sales (with founders David Heath & Randy Goldberg)
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EPISODE INFO
- Released
- October 10, 2024
- Duration
- 32m
- Channel
- Masters of Scale
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
David Heath and Randy Goldberg, co-founders of Bombas, join host Jeff Berman to reveal how they scaled their mission-driven apparel company. Bombas donates one item for every one sold, and has given away more than 140 million pairs of socks, underwear and shirts so far to people in need. They recount how the Shark Tank rollercoaster affected their business, why sometimes you have to ignore well-intentioned advice, and what their nationwide network of community partners has taught them about how to combat homelessness. Chapters: 00:00 When Bombas appeared on Shark Tank 02:17 The inspiration behind Bombas 04:46 Discovering the value of high-quality socks 07:35 Overcoming skepticism from industry experts 09:36 Testing the market through crowdfunding 12:36 Preparing for Shark Tank 16:06 Managing sales and inventory post-Shark Tank 16:58 Building a nationwide network of giving partners 20:53 Prioritizing core values as you scale 23:31 Expanding beyond socks cautiously 27:30 Understanding and addressing homelessness 📫 THE MASTERS OF SCALE NEWSLETTER 35,000+ read our free weekly newsletter packed with insights from the world’s most iconic business leaders. Sign up: https://hubs.la/Q01RPQH-0 🎧 LISTEN TO THE PODCAST Apple Podcasts: https://mastersofscale.com/ApplePodcasts Spotify: https://mastersofscale.com/Spotify 💻 LEARN MORE Our website: https://mastersofscale.com 🚀 JOIN OUR COMMUNITY LinkedIn: https://linkedin.com/showcase/11096326 Facebook: https://facebook.com/mastersofscale Instagram: https://instagram.com/mastersofscale X/Twitter: https://twitter.com/mastersofscale TikTok: https://tiktok.com/@mastersofscale 💡ABOUT US On Masters of Scale, iconic business leaders share lessons and strategies that have helped them grow the world's most fascinating companies. Founders, CEOs, and dynamic innovators (from companies like Uber, Airbnb, Apple, and Disney) join candid conversations about their triumphs and challenges with a set of luminary hosts, including founding host Reid Hoffman — LinkedIn co-founder and Greylock partner. From navigating early prototypes to expanding brands globally, Masters of Scale provides priceless insights to help anyone grow their dream enterprise. #entrepreneur #entrepreneurship #businesslessons #business #businessleadership #mastersofscale #bombas #sharktank #sharktankus #daymondjohn #socks #founder #founderstory #scalingup #scalingyourbusiness #homelessness #unhoused #startup
SPEAKERS
David Heath
guestCo-founder of Bombas, the mission-driven sock and apparel brand.
EPISODE SUMMARY
In this episode of Masters of Scale, featuring David Heath and David Heath, Bombas: From Shark Tank to over a BILLION in sales (with founders David Heath & Randy Goldberg) explores Bombas Founders Explain Scaling a Sock Brand With Mission Heath says the idea began in 2011 when he saw a Salvation Army post saying socks are the most requested clothing item at homeless shelters, and the founders paired that need with a buy-one-give-one model.
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