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CW

Chip Wilson

06/10/23

@ Tony Robbins

I sold my first business because I recognized the right time to exit, especially when I saw the market for snowboarding declining due to economic changes in Japan.

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FIND YOUR FLOW! Lululemon's Founder on Building A Billion Dollar Brand

@ Tony Robbins

06/10/23

Related Takeaways

CW

Chip Wilson

06/10/23

@ Tony Robbins

I realized that prioritizing family was essential, especially when I had young children, which influenced my decision to sell part of the business for $100 million.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

Even though we had a solid growth rate, it wasn't enough to sustain the business, leading me to consider shutting it down.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

The decision to shut down was influenced by the realization that our initial hypothesis about the business model wasn't panning out as expected.

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Theodoric Chew

04/21/25

@ EO

After exiting my first company, I spent time working at startups and venture builders to gain experience and learn from faster-growing companies.

MK

Mike Krieger

06/05/25

@ Lenny's Podcast

I shut down Artifact because, despite loving the product, it wasn't growing as expected and I felt it was time to pivot to more impactful opportunities.

AC

Adora Cheung

02/24/15

@ Y Combinator

Timing is crucial; you need to assess if it's the right time to build your business based on current trends.

GT

Garry Tan

06/08/23

@ Y Combinator

In 2010, despite two years of rapid growth, I failed to accept that our startup's growth had plateaued, which ultimately led to our downfall.

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Dylan Field

03/13/25

@ Y Combinator

After receiving clear product-market feedback, I realized I should have hired faster to capitalize on the market's interest in our product.

CW

Chip Wilson

06/10/23

@ Tony Robbins

After 18 years of not making money with my first company, I realized that success takes time, similar to how Airbnb took years to become profitable.