this post was submitted on 13 Nov 2023
1 points (100.0% liked)

Entrepreneur

0 readers
1 users here now

Rules

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago
MODERATORS
 

After coming in third on The Amazing Race, Paige Mycoskie won a trip to Los Angeles.

The trip was supposed to be a short vacation, but Paige was captivated by the city and decided to quit college and move there full time.

With no real plan, she got a job at a surf shop in Venice Beach and spent the rest of her day surfing.

Despite having no prior design experience, she fell in love with the world of retail and began designing her own clothes after hours.

Her hand-made designs on second-hand t-shirts. Began to attract attention.

Seizing the opportunity, she purchased a $500 stand and all of her T-shirts up for sale. She sold out instantly, making $8,000 in one day.

The next day, she quit her job and started; Aviator Nation; a 70s-inspired California lifestyle brand.

Known for its $660 smiley face sweatpants and $200 striped hoodies, the company took off during the pandemic; with sales hitting $130 million last year.

And the best part, Paige has never taken a single cent of outside money to grow the company, instead choosing to use bank loans.

By retaining one hundred percent of her company, she managed to amass a $380 million dollar fortune making her one of the richest self made women in the world.

Fun fact; her partner on the Amazing Race team was her older brother Blake, who went on to start Toms Shoes, a $600 million brand.

(Shameless Plug) For more stories like this check out The Business Greatest Business, and follow us on Instagram

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here