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Building a Brand from a Simple Product
The speaker shares about acquiring a toy product called AirHogs, initially a crude design, and transforming it into a successful brand. They licensed the product, focused on building the brand, collaborated with a design company for product development and agreed on a back-end royalty deal due to financial constraints. After rigorous prototyping and testing, a factory in China was selected to mass-produce the product, marking a significant commitment to the venture.