The Exit - Presented by Flippa - Pam Theodosakis

[Music] hello and welcome to the exit presented by flippa this is a 30 minute podcast featuring amazing entrepreneurs who have been there and they have done it the exit talks to operators who bought and sold businesses of all different sizes you'll learn how they did it why they did it and get exposure

to the world of exits it's a world occupied by a small few but accessible to many and on this special episode i sit down with pam theo dosakis and she is the co-founder of prana this is a really cool clothing line that was actually born from her and her husband's thought process around climbing they

were really obsessed with climbing and they needed clothes that could be versatile they could get around around town they could go shopping and then they could also go climbing so really great story of how things got started with pam and her husband and growing this over the course of a long time selling to colombia for 190

million dollars that's right so one of the interesting things about this conversation is that pam walks us through an actual buyback so they sold the business in 2008 and then bought it back or they bought it back in 2008 after selling the business to liz claiborne so a really fascinating story here where someone actually exits a business

buys it back and then goes to take it from 30 million dollars to a hundred plus million dollars and then exiting for 190 million dollars so there are some pretty fantastic knowledge nuggets in this episode that pam walks through great tips and tricks for all of the young entrepreneurs out there that are

thinking about hiring their first hires and who they brought on first that were really important to them all the way to their their first sales person that bought a computer himself and they paid him back for it later really fantastic story so without further ado let's jump into this interview here with pam the co-founder of prana