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