How two Texan brothers 'reinvented fire' to build a $400 million backyard campfire company with a cult following (via CNBCMakeIt)
Their company, Grapevine, Texas-based Solo Brands, makes the Solo Stove — a backyard fire pit that the Jan brothers describe as a "virtually smokeless" campfire alternative. It's a Kickstarter success story: The stove's campaign hit its $15,000 goal in just two hours back in 2016, ultimatelyAs of Tuesday morning, the company now has a $406.74 million market cap under the stewardship of CEO John Merris, who signed on in 2018 after meeting with the brothers.
Then, the brothers sent Merris home with a Solo Stove — and the first time he tried it out on his Texas ranch, he was "absolutely blown away." "Because it's so hot, it burns more efficiently," Merris says. "And that efficient burn is what's reducing the smoke and ultimately creating that better experience around the fire."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Henry Schein sets new $400 million stock repurchase progamHenry Schein Inc. said Monday that it has authorized a new $400 million share repurchase program. Based on Friday’s closing price for the medical product...
Lire la suite »
Save $400 on an excellent Surface Pro X tablet right nowBest Buy is running a clearance on select Microsoft Surface devices, and if you're on the hunt for a good Windows 11 tablet/laptop, now's the time to get one.
Lire la suite »
Jim Simons' RenTech fund boosted Tesla bet 1,000 times to $400 millionJim Simons' RenTech fund supercharged its Tesla bet last quarter, boosting its value 1,000 times to over $400 million
Lire la suite »
Houston congregations go Texan for the rodeoOne area congregation, River Pointe Church, hosts a kick-off Rodeo Weekend each year. And...
Lire la suite »
Opinion: Who'll pay the price for Rice statue move?Also: Thank goodness a Texan is leading the charge to condemn China for flying a spy...
Lire la suite »