In this episode, Jake chats with the Founder of PRx Performance, Erik Hopperstad, and Brian Brasch. They discuss starting the company, the infamous Shark Tank visit, present times, the future, and the benefits of building within the USA.
- (0:37) Before we get into the PRX, what are some other things people should know about you outside of business? Interests, hobbies, family, etc.
- (1:27) How did you guys meet?
- (1:58) On the PRx website, it says that back in 2013, Beers + Bonfires = Big Ideas, and that's where the profile rack was born. When did the original idea behind PRX originate, and how long did it take until you first started working on it?
- (3:54) What was the first year of business like?
- (5:44) Where was your business when you decided to enter the Shark Tank, and why did you go for it?
- (7:00) How were your roles different during the early days?
- (7:32) Back to Shark Tank
- (11:26) We all know you ended up getting a deal, but what was the whole experience like?
- (14:16) Can you give an example of a question they asked but didn't air?
- (16:02) Were there any key reasons that some of the sharks decided not to invest?
- (17:48) Can you explain what the process looks is like after the deal is made?
- (20:45) How has your business evolved since Shark Tank, and what does it look like today?
- (24:09) Have you had many issues with your patent being violated over the years?
- (25:55) There seems to be a heavy focus on the new Build Limitless line. Can you explain why you decided to add something like this to your lineup? And, what's the future look like for this type of rack?
- (28:00) Many of the listeners of these interviews are "product junkies" and are always keeping an eye out for new products. Could you share any new products or ideas you think will be released in 2022?
- (31:25) Where will PRx be in 5 years?
- (35:02) Did the home gym market change or just accelerate during COVID?
- (40:32) How does the 500% increase compare to the prior years before Shark Tank?
- (41:50) Any product failures or "other general failures" you could share?
- (44:37) Can you explain the benefits of doing much of your work within America?
- (46:36) How have your roles changed from the start of the company to now?
- (49:47) How many people do work for PRx now and how does it feel to be able to provide a job for so many different Americans?
More
