This Founder Went on Shark Tank After His Last Startup Was 'Publicly Eviscerated' - Now He's on a $12 Million Run Rate
Briefly

This Founder Went on Shark Tank After His Last Startup Was 'Publicly Eviscerated' - Now He's on a $12 Million Run Rate
"Evans blames nobody but himself for the failure of Juicero, stating, 'I am responsible for 100% of what happened with that company.' His journey of self-reflection led him to ask, 'What can I do differently?'"
"The Sprouting Company, which allows people to grow fresh sprouts without soil or sunlight, saw rapid revenue growth, reaching $540,000 by December and over $1 million by March."
"'Sprouting is so much better than juicing,' Evans asserts, emphasizing the advantages of his new product choice and the shift to a subscription model."
Doug Evans' new venture, The Sprouting Company, achieved $1 million in monthly revenue after its appearance on Shark Tank. Previously, Evans faced failure with Juicero, which raised $135 million before shutting down. He shifted from low-margin juice products to a subscription model for sprouting seeds and hardware. After three years of reflection in the desert, he learned to trust his team and prioritize selflessness over control, leading to significant business growth and personal redemption.
Read at Entrepreneur
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