Daymond John turned $40 into a $6 billion brand name when he launched FUBU.
In 1992, John and his a few mates needed to make hats. They obtained $40 worthy of of fabric and received to work in John’s dwelling in Queens, N.Y.
The brand attained the height of its level of popularity in the 90s, and at its peak, FUBU brought in about $350 million in yearly income.
Following largely leaving the U.S. industry, FUBU has professional a resurgence owing to licensing bargains and collaborations with companies like Urban Outfitters, Century 21 and Puma.
John is now mentoring the subsequent generation of business owners as an trader on ABC’s Shark Tank.
Similar: Daymond John: 5 Causes Why Education and learning Is the Vital to Your Results