Colin McIntosh, Founder and CEO of Sheets & Giggles, joins Karen Rands on the Compassionate Capitalist Podcast show to share his journey to identify a way to address a cause he was passionate about with a clear material need in the market, make a profit each step of the way as the company scaled and have some fun doing it.
S&G is a luxury brand in the $12B US Bedding space that offers a sustainable alternative with eucalyptus bedding. Softer and more breathable for body temperature fluctuations, eucalyptus derived bedding uses up to 96% less water to make than cotton, and requires no insecticides or pesticides to grow and harvest. S&G validated their market with a successful Indiegogo reward crowdfunding campaign raising $284,000 in 2018 and went on to raise nearly $2M in venture capital, leading to a record $1M in revenue in its first 12 months of sales.
This is a case study in an entrepreneur journey to use crowd funding to validate a market, get to market, attract venture capital, and scale to $1M in sales the first year and a story that you will want to hear.
Learn more about Sheets & Giggles at http://sheetsgiggles.com Listeners get a discount on a purchase with the discount code Karen Rands.
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You can learn more about the services Karen offers entrepreneurs and investors, and get a free excerpt "12 Inside Secrets" from her best selling book "Inside Secrets to Angel Investing" at http://karenrands.co under the Resources tab
True equality comes with economic prosperity.
The Compassionate Capitalist Podcast will explore the history of black enterprise, and government policies intended to aid in economic prosperity, and the racist practices that created barriers and obstacles to African American prosperity so that wealth and education gap which exists today has its roots dating back to the late 1800. History shows time and time again how naive, well intentioned white people, in the spirit of compromise, released authority and control to other white people that had a sole intent to harm and hinder black people from achieving equality - socially and economically.
There are many examples of progress being made and initiatives seeking to grow black entrepreneurship, wealth creation, and reinvestment into the communities that have been neglected and abandoned. As we look forward with these new sources of funding and entrepreneur development, we must also look back to see how to fix the fissure that over a 100 years of systemic racism has caused in our communities. If you are opposed to giving hand outs, then give a hand up. Work to get the loopholes that enable racists to harm and prevent the success and empowerment of people of color out of our financial, judicial, and legislative systems.
Links referenced in the podcast:
Economic Wealth Gap: https://www.pewsocialtrends.org/2016/06/27/1-demographic-trends-and-economic-well-being/
History of Black Veterans:https://www.history.com/news/gi-bill-black-wwii-veterans-benefits
Drug Policy & Race: https://www.drugpolicy.org/issues/race-and-drug-war
Top 100: https://www.blackenterprise.com/be100s/
System Racism Video: https://www.youtube.com/watch?v=YrHIQIO_bdQ
Karen Rands is an economist by training and passion. In March 2019 she interviewed Dr. Mark Thornton of the Mises Institute at Auburn about his book The Skyscraper Curse and discussed the factor leading to his prediction, based on Austrian Business Cycle Theory, of an economic collapse in 2020. In the middle of a pandemic, extreme civil unrest, extremists bent on destruction, we find ourselves in the beginning of what many predict as the greatest economic collapse since the Great Depression. Dr. Thornton joins Karen on the Compassionate Capitalist Podcast show to discuss the cause and triggers of this economic collapse and ideas for how we will create an economic recovery. Will cannabis be the holy grail to solve our problems at multiple levels?
Free Resources from Dr. Thornton and the Mises Institute:
Bust Wasn't Called by the Virus: https://mises.org/wire/bust-wasnt-caused-virus
Economics of Prohibition: https://mises.org/library/economics-prohibition-0
Prior Podcast from 2019: http://bit.ly/CCRadio-sckyscraper
Watch this video interview version: https://youtu.be/Kbn931hYQQA
Dr. Mark Thornton is senior fellow at Ludwig von Mises Institute. He is the author of numerous economic theory books and frequent speaker. Learn more and contact Dr. Thornton at: https://mises.org/profile/mark-thornton
Karen Rands is the author of the best selling finance education book: Inside Secrets to Angel Investing, and the founder of the Compassionate Capitalist Movement. She is a trusted advisor to entrepreneurs and investors. Learn more at : http://karenrands.co