B (61:30)
Like, so I think I have the benefit of. I grew up in this industry and I watched it change over 20 years. And I think when you have that context, right, like my horizon of E Commerce is all the way from when e commerce was 3% of total sales and now it's like 20 or something. So it's like I've just been in it forever. And I also was a do it yourself founder, Solopreneur. Had to learn how to build a team, how to learn how to delegate, how to learn systems, processes. Like if I had known all that stuff, I would have been Wayfarer. They're now one of the biggest companies in the world. I didn't understand all that, that back then. So I've kind of like traveled every level and my viewpoint was that I couldn't be the CEO of more than two brands at once. I was the CEO of boom. And then boom. We bought a couple brands and rolled them in. So we're like a little conglomerate that made it way harder. And I was also the CEO of Zipify at the same time. So be. To actually be an active CEO, I was successfully for two eight figure plus brands, CEOing and growing both of those while also doing what I only do now, which is I'm no longer the CEO of any brands. So. So I think two brands, if you're going to operate them as Max dude, if you want to live any kind of pleasurable life outside of that. But you know, in 2021. So if you would ask me before 2021, I would have said I'm, I love this game. I love making products, I love marketing, I love building brands. And back up off me, I'm gonna do this till the day I die. I love it. I'm, I'm into it. And hey, I'm maybe not working you know, 40, 50, 60 hour weeks like I was when I was coming up, grinding, figuring things out, you know, staying up all night after my full time job. Like I have a normal work life now, but like I love doing this, why would I stop? And by the way, I don't come from resource and people, I think the game is resource generation. Generate resource, use it towards causes in the world that you find noble. Take care of yourself, your community, your family, and then things in the world that are meaningful to you. And I want to generate resource and use it it. And so that was my viewpoint and attitude and I liked it. And I would, I would buy and invest in brands. I invested in a whole bunch of stuff and I would maybe be on the board or consult or you know, maybe a monthly or weekly meeting if I was really heavily invested or had some, you know, maybe a salary as a, as a, as an ongoing consultant to a brand I invested in. So I had a bunch of deals like that. Well, two things happened concurrently. One, I sold 70% of my biggest brand for a very, very, very large sum of money. Money. And I sold to private equity and I got to see to a private equity company that owns billion dollar brands. And you know, this was my first rodeo at a, at a, at a big brand. I've done eight figures before, but never the size of where I was. And so I got to see from them what my blind spots were, how to, how to scale and also how to coach and manage and support a CEO. And I realized, wow, I don't think I'm giving Molly the kind of support and coaching and structure culture that I could be that these guys are giving me. So I kind of learned the private equity model through being purchased and then being the CEO for them for a few years and like watching how they supported me and coached me and helped build out value creation plans and kind of like showed me that game. And I had a daughter who was born premature, who lived 19 months and then died of cancer. And after that it was like, dude, do I care about selling a makeup stick? Like I just did not. I could no longer do it. I didn't have the same goals, desires, interests. It was just like immediately I my desires and interests and where I wanted to spend the bulk of my time changed. And I love so grateful for my entrepreneurship journey. I'm so grateful for the opportunity and time that I was a CEO and an operator. And now what I do is I buy into brands. I'm usually between, you know, 20 or from 20 to 80% and or, or I build them with like the Amazon company. We built that from scratch. I just have an operator. I've got a CEO and a CEO and a team and I, I provide finance, so I provide money, I provide strategy, I provide connections, network support, you know, agencies, so on and so forth, whatever the brand needs. Like, I just bought into this company. Pretty, pretty big steak. It's a, it's a cell phone radiation case company. Company. So it basically protects your phone from, protects you from the radiation of your cell phone. And this is two wonderful founders who built this thing and they kind of had gotten to a spot where they're like, hey, we could use some support. And I'm, I was a user of the product. They were smart marketer customers. They saw me using it on a webinar. They're like, you're using our stuff? I was like, dude, I've been using your product 10 years. I'm like, my mom freaked me out about this when I was like 15 and she's all freaked out about radiation. So I got that from her and I love this thing. And I ended up buying in and like, hey, I meet with them once a week and we talk about the value that, you know, what our value creation plan is. I connect them with agencies, I go meet with them in person twice a year. We do like a, you know, a quarterly board meeting and a bi yearly planning session. So I'm very involved. Like a weekly meeting, a quarterly board meeting. Like I'm helping them scale. But I have a, I have a big percentage of that, right? And I have other companies where I'm not as involved or I have a smaller percentage or other companies where I have a bigger percentage where they don't really need me as much. And so what I really, really, I love founders. I love, I think entrepreneurs make the world a better place. I think they bring goodness into the world and like affect change and create positivity in their communities. And I want to be a part of that and I like being a part of it and, but I don't want to operate. I'm done operating. Thank you very much. It was good. I enjoyed it. You guys are young man, you got energy, you're full of piss and vinegar, you're bright eyed and bushy tailed your spring chickens. It's like you guys operate, you know, and frankly, Molly's a much better operator of smart marketer than I ever was. You know, these guys at Amazon are much better operators at Amazon Brands than I ever was. Hey, I know supply chain, I know manufacturing Like I know stuff, I've been doing it forever. I talked to them about it. I can still stay in the weeds of it because I've been in the game. But I don't have to go in and send an email out in Kovio or build out a Facebook ad or do any of that stuff anymore. Now here's the difference. I used to drive the car, now I navigate the ship. That's the big difference. I'm just a navigator now. I just talk to people about what they do instead of doing anything myself. And it turns out it's a useful position. Once you've had some experience, you can be really impactful in that role.