2min chapter

How I Built This with Guy Raz cover image

Chomps: Pete Maldonado and Rashid Ali

How I Built This with Guy Raz

CHAPTER

The Gross Margin Is an Expensive Product to Make, Right?

The business was very lean. I would say that the gross margin is an expensive product to make, but our business, Pete and I weren't drawing a salary and we didn't really have any cost. Expenses, right? But this isn't the cosmetics page where it's these crazy 50, 60, 70, 80% gross margin product. It was kind of within that 30 to 40% level. So at the end of the day, we were profitable because the business was verylean. Right. And you guys were doing this slowly, slowly. It was like part-time because you needed, I mean, you both needed your income and you had good jobs and Pete, you

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode