How I Built This with Guy Raz

Manduka: Peter Sterios

10 snips
Apr 24, 2023
Peter Sterios, the founder of Manduka, transitioned from architecture and yoga teaching to create a leading yoga accessories brand. He stumbled into yoga by chance, which led him to invest $25,000 in durable mats, foreseeing a demand that others overlooked. He shares how targeting influential yoga teachers helped propel the brand. Peter also discusses navigating early cash flow challenges, personal struggles, and the emotional complexities of stepping down as CEO, providing a candid look at entrepreneurship intertwined with personal growth.
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ANECDOTE

Manduka's Origin

  • Peter Sterios started Manduka after discovering a durable yoga mat used by his teacher, Shandor.
  • A business consultant advised against the venture due to the mat's longevity, but Peter saw an unmet need.
ANECDOTE

Accidental Discovery

  • Peter Sterios stumbled into a yoga class by chance while in college.
  • Intrigued by the practice and encouraged by the welcoming students, he decided to try it.
ANECDOTE

Rugby and Secret Yoga

  • After graduating, Peter Sterios moved to Santa Fe and took up rugby as a condition of his architecture job.
  • He secretly used yoga as cross-training to improve his hamstring flexibility for rugby.
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