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Matt Meeker讲述了他从早期互联网创业的失败经验,到创办成功的宠物用品订阅服务BarkBox的心路历程。他分享了在iTraffic、一个失败的短信设备公司和Meetup的创业经历中吸取的教训,包括过度融资的风险和团队建设的重要性。他强调了在BarkBox创业过程中,如何通过精细化运营、灵活的定价策略和精准的市场营销,克服资金短缺和市场竞争的挑战,最终实现快速增长。他还谈到了在公司发展过程中,如何平衡个人生活和事业,以及如何应对来自投资者和董事会的压力。最后,他分享了他对BarkBox未来发展的规划,包括专注于玩具业务,拓展新的销售渠道和产品线,以及如何将Bark Air业务从奢侈品市场扩展到大众市场。 Guy Raz则从旁引导,追问细节,并对Matt Meeker的创业经历进行总结和点评。他提到了BarkBox的成功与市场时机和精准营销策略的结合,以及Matt Meeker在面对挑战时的韧性和决策能力。

Deep Dive

Key Insights

Why did Matt Meeker start BARK?

Matt Meeker started BARK out of frustration with the lack of suitable products for his Great Dane, Hugo. He co-founded the subscription service for dogs of all sizes after being disappointed by what pet stores offered.

What was the pivotal experience that influenced Matt Meeker's career?

A marketing communications class taught by a visiting professor from the London School of Economics, who shifted the focus to Internet 101, was a pivotal experience for Matt, as it opened his eyes to the potential of the internet.

What was the initial business model for Meetup?

The initial business model for Meetup was to direct traffic into local businesses and have them pay for sending foot traffic into their establishments.

How did Matt Meeker and his team raise initial funding for BARK?

Matt and his team raised initial funding by offering a long-term discount for prepayment, collecting $200 upfront from subscribers for a year's worth of products, which funded the inventory for the current month.

What was the turning point for BARK's growth?

The turning point for BARK's growth was the partnership with Groupon, which supercharged their early growth by offering discounted subscriptions, although it initially led to losses.

Why did Matt Meeker step down as CEO of BARK in 2020?

Matt stepped down as CEO of BARK in 2020 due to personal reasons, including the aging of his Great Dane, Hugo, and his discomfort with the idea of being a public company CEO. He also felt a responsibility to ensure Hugo's legacy lived on.

What is BARK Air and how does it differ from regular airline services?

BARK Air is a service offering luxury charter flights where dogs can roam free in the cabin. It includes special touches like dogs being served meals first, drinks, and even the opportunity to sit in the captain's chair mid-flight.

How has BARK managed to turn around its profitability?

BARK has turned around its profitability by improving unit economics, fixing the supply chain, bringing on talented executives, and right-sizing the team. They have also focused on their core strength in toys and expanded their presence on platforms like Amazon.

What was the biggest challenge BARK faced during the pandemic?

The biggest challenge BARK faced during the pandemic was a cash crunch, as they were running out of cash and had to navigate the uncertainty while managing to maintain operations.

What is Matt Meeker's long-term vision for BARK?

Matt Meeker's long-term vision for BARK is to continue building the company as his life's work, focusing on their core strengths and expanding where it makes sense, with the intention of staying in the pet industry for the long haul.

Chapters
Matt Meeker's experience with his Great Dane, Hugo, exposed the limitations of existing pet products for large dogs. Dissatisfied with the available options, he recognized a need for better-suited products, sparking the idea for BARK.
  • Matt Meeker adopted a Great Dane named Hugo in 2010.
  • He found the available dog toys and food unsuitable for large breeds.
  • This experience led him to explore business opportunities in the pet industry.

Shownotes Transcript

When Matt Meeker started sharing a Brooklyn apartment with a Great Dane, he didn’t know it would inspire him to launch a multi-million dollar company. But, disappointed by what pet stores offered for big dogs like his, Matt co-founded BARK, a subscription service for dogs of all sizes. After launching in 2012, the brand expanded to include food, furnishings, and luxury charter flights, where dogs roam free about the cabin. Along the way, Matt applied critical lessons from his past startups, including a failed text-messaging company, and the social platform Meetup.

This episode was produced by Devan Schwartz with music composed by Ramtin Arablouei. This episode was edited by Neva Grant, with research by Olivia Rockeman. Our audio engineers were Patrick Murray and Maggie Luthar.

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