Episode

#35 - King of Kickstarter
Description
Shaan sits down with Peter Dering (@peterdering), Founder & CEO of Peak Design, maker of beautiful, highly functional redesigns of photography equipment. He quit his construction job and traveled the world with $25K in savings. After awhile, he found it to be a pain in the ass carrying his camera around with him. So he thought of a camera holder clip that’d go onto your bag strap. Next thing you know, he filmed a kickstarter video to accompany his simple yet revolutionary product and within 90 seconds of launching he had his first sale. Bags, tripods, straps. Almost every year Peak Design releases some sort of iteration of an outdated piece of equipment and it SELLS. Last year they employed 38 people and did $70m in revenue. He owns 100% of it. Like I said, you want to be this guy. He talks about the process of how you actually create a physical product from scratch, how to work with international distributors, why and how he structured a public benefit entity, how to offset business carbon footprint and how much it ACTUALLY costs (it's tiny!). Have a listen to learn how to kickstart your own carbon-neutral Kickstarter empire. See acast.com/privacy for privacy and opt-out information.
Chapters
Companies are reassessing their CRM platform expenses in search of more innovative and cost-effective solutions that will help automate tasks, track contact details and improve customer service.
00:00 - 01:49 (01:49)
Summary
Companies are reassessing their CRM platform expenses in search of more innovative and cost-effective solutions that will help automate tasks, track contact details and improve customer service.
Episode#35 - King of Kickstarter
PodcastMy First Million
The success of a business or product can quickly lose people's interest if they don't understand the achievements behind it.
01:49 - 05:52 (04:03)
Summary
The success of a business or product can quickly lose people's interest if they don't understand the achievements behind it. It's important to communicate the details and significance to maintain engagement.
Episode#35 - King of Kickstarter
PodcastMy First Million
After studying abroad in Europe and going on a spiritual journey, a construction engineer was inspired to go on another journey that led him to discover a newfound passion, which he documented through photography and writing.
05:52 - 08:25 (02:32)
Summary
After studying abroad in Europe and going on a spiritual journey, a construction engineer was inspired to go on another journey that led him to discover a newfound passion, which he documented through photography and writing.
Episode#35 - King of Kickstarter
PodcastMy First Million
A clip that clamps onto a backpack strap is developed as a tool for a conceptual three-dimensional design, which evolved from a simple product made to do curves and angles readily available and hands-free, which eventually led to the creation of a neck strap.
08:25 - 13:25 (05:00)
Summary
A clip that clamps onto a backpack strap is developed as a tool for a conceptual three-dimensional design, which evolved from a simple product made to do curves and angles readily available and hands-free, which eventually led to the creation of a neck strap.
Episode#35 - King of Kickstarter
PodcastMy First Million
The hosts reminisce about the blissful feeling of a successful Kickstarter campaign, particularly the first one, and how it feels to receive affirmation for your ideas from others.
13:25 - 20:01 (06:36)
Summary
The hosts reminisce about the blissful feeling of a successful Kickstarter campaign, particularly the first one, and how it feels to receive affirmation for your ideas from others.
Episode#35 - King of Kickstarter
PodcastMy First Million
Peak Design, a company that makes travel bags and camera accessories, has grown significantly through Kickstarter campaigns and partnerships with distributors from all over the world.
20:01 - 22:58 (02:56)
Summary
Peak Design, a company that makes travel bags and camera accessories, has grown significantly through Kickstarter campaigns and partnerships with distributors from all over the world. The company's success can be attributed to its innovative design concepts and supportive community.
Episode#35 - King of Kickstarter
PodcastMy First Million
The balance between being adaptive and proactive is crucial as being too proactive can lead to inefficiency.
22:58 - 27:17 (04:19)
Summary
The balance between being adaptive and proactive is crucial as being too proactive can lead to inefficiency. Proactivity can be a double-edged sword and that is something business owners must keep in mind.
Episode#35 - King of Kickstarter
PodcastMy First Million
Peak Design prioritizes fulfilling their mission and purpose instead of maximizing shareholder value, as they believe the point of their business has nothing to do with it.
27:17 - 32:17 (05:00)
Summary
Peak Design prioritizes fulfilling their mission and purpose instead of maximizing shareholder value, as they believe the point of their business has nothing to do with it.
Episode#35 - King of Kickstarter
PodcastMy First Million
Brands that are Certified Climate Neutral have measured their entire carbon footprint, reduced what they reasonably can, and then offset the rest.
32:17 - 35:12 (02:54)
Summary
Brands that are Certified Climate Neutral have measured their entire carbon footprint, reduced what they reasonably can, and then offset the rest. This is a concrete action towards reducing carbon emissions, compared to businesses that only have goals for 2050.
Episode#35 - King of Kickstarter
PodcastMy First Million
Carbon offsets can be a market-based solution to reduce carbon emissions by creating a revenue stream for for-profit carbon reducing businesses.
35:12 - 38:07 (02:54)
Summary
Carbon offsets can be a market-based solution to reduce carbon emissions by creating a revenue stream for for-profit carbon reducing businesses. By purchasing verified carbon offsets, any technology which sequesters or prevents carbon can become financially viable and contribute to reducing climate change.
Episode#35 - King of Kickstarter
PodcastMy First Million
The Peak Design Travel Tripod is a camera accessory with legs that collapse themselves into pie-wedge shapes, making it more portable than traditional tripods; Peak Design has partnered with 80 companies that share their belief in sustainable products and manufacturing.
38:07 - 41:11 (03:04)
Summary
The Peak Design Travel Tripod is a camera accessory with legs that collapse themselves into pie-wedge shapes, making it more portable than traditional tripods; Peak Design has partnered with 80 companies that share their belief in sustainable products and manufacturing.
Episode#35 - King of Kickstarter
PodcastMy First Million
Peter Dering talks about possibly improving his social media presence and the success of his manufacturing brands, Peak Design and Climate Neutral.
41:11 - 46:55 (05:43)
Summary
Peter Dering talks about possibly improving his social media presence and the success of his manufacturing brands, Peak Design and Climate Neutral. Additionally, he emphasizes the importance of a good relationship with your manufacturer.