Manduka founder Peter Sterios describes the sudden surge in demand following an early print advertisement endorsement.
0:00 / 0:20exact quote · 21.0s
720p mp4 · rendered on demand · StarZero watermark
“The first week that ad ran, we doubled sales, and then three weeks later, we're still doubling every week our sales, and it got to the point where that first year, I think we were on back order for three months out of 12, just because we couldn't keep up, and there was a two-month lag time between the order and the delivery.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Peter Sterios
AssertionSupported
Manduka's original yoga mat material was engineered as AstroTurf underlayment
“This mat was engineered as the backing for AstroTurf to be durable and to have a certain amount of stretch, but not too much stretch, and a certain amount of cushion, but not too Soft, not too cushiony. And in the same factory that, that the carpet underlaymen…”
Peter SteriosApr 24, 2023▶ 28:25Manduka: Peter Sterios
AssertionSupported
Manduka operated without premium yoga mat competitors for three years
“I mean, for years, first three years, I was the only person in that space.”
Peter SteriosApr 24, 2023▶ 41:46Manduka: Peter Sterios
Disclosure
Manduka's acquirers paid Sterios for two years without ever calling him
“At the end of three years, they stopped communicating with me, and the last two years of my employment with them, they paid me, and they never called me, which is the way it happens, I guess, sometimes.”
Peter SteriosApr 24, 2023▶ 1:03:23Manduka: Peter Sterios
Disclosure
Sterios funded Manduka's first $25,000 order using 0% credit card checks
“And I, we were remodeling our house, 80,000 dollars in debt with credit card debt, and the way I was funding
The house remodel was at a time when credit cards had these things called convenience checks, where you could get an advance of 10 to 20,000 dollars fo…”
Peter SteriosApr 24, 2023▶ 32:28Manduka: Peter Sterios
Disclosure
Sterios seeded Manduka's launch by gifting 75 mats to celebrity teachers
“I gave 75 mats for free to every celebrity yoga teacher I knew.”
Peter SteriosApr 24, 2023▶ 38:46Manduka: Peter Sterios
AssertionSupported
Manduka priced its early mats at $65 against a $15 market
“You get them for like 15 bucks. And these were like 60, 65 dollars was the advertised price.”
Peter SteriosApr 24, 2023▶ 40:48Manduka: Peter Sterios
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 800 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.