Home / Investment / From 25 Cents to $25,000 and Beyond: How 15 African-American Entr…
20200129221836-GettyImages-1185916832-crop.jpeg

From 25 Cents to $25,000 and Beyond: How 15 African-American Entr…

Daymond John turned $40 into a $6 billion brand when he founded FUBU.

In 1992, John and his three friends wanted to make hats. They purchased $40 worth of fabric and got to work in John’s home in Queens, N.Y.

The brand reached the height of its popularity in the 90s, and at its peak, FUBU brought in over $350 million in annual revenue.   

After largely leaving the U.S. market, FUBU has experienced a resurgence due to licensing deals and collaborations with companies like Urban Outfitters, Century 21 and Puma.

John is currently mentoring the next generation of entrepreneurs as an investor on ABC’s Shark Tank.

Related: Daymond John: 5 Reasons Why Education Is the Key to Your Success


Source link


About admin

Check Also

1595359501-GettyImages-1255508854.jpg

5 Companies to Invest in After the Health Crisis…

July 23, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Although ...

Leave a Reply

Your email address will not be published. Required fields are marked *

NFL Jerseys 2019