YouSaid · the spoken record

Michael Preysman

lines on the record: 109
first: 2023-11-20
most recent: 2023-11-20
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I had a little bit of an idea, you know, what I was really inspired by at the time was this company that still exists in some shape or form called Guilt Group, which had really... Changed how people bought luxury online. No one had really bought luxury items online and all of a sudden Guild Group came around during the recession and exploded because people could get Prada, Gucci, all these companies that Say 50% off. And while it was a discount business, which isn't what I love, it was a eye-opening experience that people were willing to buy these brands online.”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“Oh, it may seem complicated, and I will tell you having had the chance to work in the finance side, it's a pretty, it's a hard job, but it's a financially oriented, low-risk job. And so you look at your life and you say, hey, if I stick here and stay here, I'm made. I'm fine by all measure. And so to be in New York at that time, I started hanging out with entrepreneurs, but I had the fortune of having grown up in the Bay Area, so I've been exposed to what you could call the best of the best. And I started hanging out with entrepreneurs and I just didn't feel the energy in New York. So it was the summer of 2010. And I actually packed up my bags and moved back to California and moved to San Francisco with the intention to start something or work for a very select few companies that I had on my list.”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“So you thought, all right, I've got to figure something out. And presumably you had a few years where you were watching the Startups and people pitch ideas, and maybe some of those ideas you thought, well, this doesn't seem so complicated, or maybe not.”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“Wrote my down my father. He had actually started a couple of businesses. I wrote down big names, Michael Eisner at the time or Steve Jobs, Steve Wozniak. And they were kind of big names. But when I wrote down every single name, I realized not a single one worked in finance and all of them had operated or built something from scratch. And I said, oh, and that was the moment for me. It was as simple as that that I realized I've got to go and start something.”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“And I'm just feeling a lot of angst. And the kind of angst that just feels like something's not right. And I didn't know what it was, but I remember I don't think this can be my life. And I had this period of two to three months where I was trying to figure out why am I feeling this way? What can I do about it? And I did this one exercise. And I remember I said, okay, I'm going to write down everybody I admire.”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“Of the price, and they could do it ethically. When Michael Praisman co founded the brand in 2011, he wondered whether he could sell a simple t-shirt on the internet and turn that into a brand. His concept tell people the true cost of a shirt and then sell it for less than anyone else was a big hit. And for many years the company grew at an eye-popping rate. But as you will find out, the pandemic had other plans for Everlane, and its business took a pretty significant hit. Today, the company is back on a path towards profitability in large part because it has also narrowed some of its ambitions. Michael Praiseman didn't set out to have a career in fashion. He's the child of Russian immigrants and grew up in the eighties and nineties in the Silicon Valley. As a kid, perhaps not surprisingly, he was into computers, and after Michael”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“It is weird. Yeah. We didn't have a lot of connections, and it was we would have to wait six to twelve months to be able to launch a sweatshirt. And our alternative was we had a guy that could make ties and bow ties in two months.”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“So the strangest thing you would never expect if you were to build a brand today and you start with a t shirt, your next product might be Denim. Our next product was literally ties and bow ties.”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT
“You know, one of my favorite parts of traveling is getting a feel for a neighborhood, the way locals do. A few summers ago, I was in Rome and stayed in an apartment I booked on Airbnb. It was tucked in a quiet neighborhood just outside the Roman forum. Every morning I'd walk to the corner cafe, grab an espresso, and just watch the world go by outside. I even managed to chat with the owner about the neighborhood he lived in for nearly forty years. And he got me thinking about my own neighborhood. There are incredible hiking trails and great restaurants and, of course, the beach. And when I'm traveling this summer, listing my own place on Airbnb could be a really smart way to let someone else experience the area the way I do, like a local. Listing your home on Airbnb while you're traveling is a great way to make some extra money. You could put the money toward your next trip. Your home might be worth more than you think. Find out how much”
2023-11-20 · How I Built This with Guy Raz · Everlane: Michael Preysman · IDENTIFIED FROM THE TRANSCRIPT