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233,957 Views • Mar 7, 2024 • Click to toggle off description
Produced by: Zach Green
Senior Managing Producer: Eric M. Clark
Senior Production Manager: Kathryn Mavrikakis
Additional Camera: Valentina Duarte
Editor: Marisa Forziati
Animator: Gene Kim
Reporter: Tom Huddleston
Additional Footage: Matt Scanlan, Naadam, Getty Images
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I Took A $2.5 Million Loan To Start A Fashion Brand — Now It Brings In $100 Million/Year
Views : 233,957
Genre: News & Politics
Date of upload: Mar 7, 2024 ^^
Rating : 4.963 (46/4,899 LTDR)
RYD date created : 2024-05-17T11:29:26.063686Z
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YouTube Comments - 249 Comments
Top Comments of this video!! :3
This is the story that most entrepreneurs want to live out: travel, discover yourself, connect with others, learn from others, make money while maintaining good business relationships
342 |
Im happy he acknowledged his luck, opportunity and help from parents combined with hard work.
184 |
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
802 |
It takes courage to take a risk like this. A solid idea, fortitude and perseverance can take anyone a long way. Great job Matt!
125 |
I appreciate the fact that they built meaningful relationships with the Mongolian producers of the raw material, thus cutting out the middle man from the scene. The business model works on a good value system. Value is transferred to both the goat herders and the customers.
51 |
The most important part of this story is that Matt was able to successfully take out a loan to jumpstart his business. Access to capital is the most underrated part of entrepreneurship or business in general. Congratulations to Matt and his team.
28 |
This is probably the best video I have seen on Make It. What I appreciate the most from this video, is that the owners own that their luck factor. It takes luck to be in a position to get a 2.5 M loan. It takes luck to drop out of college and get a job in the financial sector in NYC. It takes hard work and dare I say luck to build the right connections in Mongolia, China, Europe, and the USA to get a proper multinational business going as smoothly as theirs. I have rarely seen this large amount of hard work, and luck working in unison to build such a profitable business, while still being good for the Mongolian people.
20 |
He is the type of entrepreneur that keeps America going!
Nice job!
71 |
Most won’t even get approved for 2.5 million loan
96 |
Props to the founders for paying 2x to the herders while lowering price for consumers. Amazing work
9 |
Matt and Diederick are some of the smartest people I've ever worked with! Wishing Naadam and those guys continued success.
18 |
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
37 |
Love stories like this, especially how they hadn't even gone out looking to start this business! ❤
8 |
"a small loan of a million dollars"
107 |
Securing such a massive loan undoubtedly involves risk. I bet managing finances and ensuring a return on that investment was a significant concern.
87 |
I will never stop dreaming ❤.
23 |
This is super cool! What a great business. The sweaters look beautiful. ❤
3 |
WOW! CONGRATS GUYS! I'm building my Beach Hotel in the Philippines from scratch for several years now as a Security Officer in Seattle working 100 hours a week! Hard work and dedication and a vision! LET'S GOOOO!!!!!!!!!
10 |
Good to have rich parents
136 |
@alona724
2 months ago
I appreciate Matt’s honesty. So tired of people pretending they just used boot straps.
213 |