Bombas: From Shark Tank to over a BILLION in sales (with founders David Heath & Randy Goldberg)

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

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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.

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