A founder quit Yik Yak after selling shares for six figures, then demoed a hoverboard at a Los Angeles house and raised $5,000 from each impressed investor. First month sales hit $250,000. He then flew to the Canton Fair in China to find the next viral product.
We flew out to LA and we showed them the hoverboard and they were like, yo, this is the coolest thing we've ever seen. We were at, I think it was Hayes Carreer's house or something like that, and they're all riding this hoverboard around the tennis court and they call their manager over and their manager, we were hanging out. I was like, all right, let's make a deal. So I had them all invest $5,000 each, just a little bit so we can get some inventory. And I brought them on as partners. And when they started posting, we did like a quarter million dollars our first month. And I was like, holy shit, this is crazy. So I made the decision to quit my job at Yik Yak. I sold my shares for a six-figure exit, which was cool. And I flew out to China to the Canton Fair where I wanted to find more viral products like the next hoverboard.
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