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Latest / The Foundr Podcast with Nathan Chan

649: We Had 3 Weeks Left… This Saved My $35M/Year Company

Christina Stembel built Farmgirl Flowers into a $55 million bootstrapped business by 2021, betting on simplicity, direct-to-consumer, and zero VC money. Then as Covid vaccines became widely available, sales crashed 50% overnight. To save the business, she had just 36 hours to test a radical pivot or go bankrupt in three weeks. She took out a $3.5 million loan, white boarded new distribution models for two days straight, ran a fake scenario on the website for 36 hours, and prayed sales wouldn't drop more than 12%. They dropped 11.6%. The company survived—but Christina's philosophy completely…

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