In episode 20 of The Stokecast, Emily and Jonathan recap the joys and pains of their recent experience running the Trapp Lodge Mountain Marathon in Stowe, Vermont. After, they have a deep conversation about building businesses with social impact with Cotopaxi Founder and CEO, Davis Smith.
Also on the show, learn:
14:32 - How Davis runs his business AND his family by defining values and building an organizational culture
16:00 - When and why Davis learned to embrace his entrepreneurial spirit
18:45 - How Davis started and scaled his first business, going digitally native and selling pool tables online
24:20 - Why you shouldn't hire your closest friends first or at all
29:35 - How to identify ideas that are going to work and stick with it
34:38 - How to compete in a crowded market
41:14 - Why he started an adventure race series called Questival and hired two llamas off Craigslist to launch Cotopaxi
49:31 - How Cotopaxi is empowering creativity within their manufacturing facility in the Philippines
53:55 - What is a Benefit Corporation and how does it work?
56:33 - The benefits of bootstrapping vs. raising capital
58:29 - Davis' work to promote gender equality with GirlUp and Women's Leadership Institute
1:05:00 - How he balances professional and personal life by managing both like a business
1:11:06 - What Cotopaxi is doing to aid the refugee crisis and one incredible story of the impact made
For the show notes from this episode, visit: https://exploreinspired.com/davis-smith