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David Neeleman

๐Ÿ‘ค Speaker
211 total appearances

Appearances Over Time

Podcast Appearances

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

Sometimes when you raise money, you get a bunch of people in there that maybe not have the same vision you do.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

It's not a panacea, really, be it private equity or individuals.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And you're going to have to give up a big chunk of it anyways, maybe half or more than half.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

if you're raising that kind of money, but I just, I agree with Guy, just focus on your business, grow it like crazy.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And then if you're the leader in that business, and then things will come your way for sure.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

Well, I guess SKU would be different colors, right?

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

Yeah, I guess there's the in and out model where you just keep โ€“ you find what works and just keep doing it over and over again.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And then there is the model where you just keep getting a bigger and bigger menu.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

I would maybe just get a couple of different SKUs and if it's working well โ€“

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And just hammer that away and be like In-N-Out Burger and just keep bootstrapping it that way as opposed to spending more and more money on going wider.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

Because obviously it's not a fashion statement like something an outerwear would be.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

So that's just my instinct that I would do as opposed to just going to more and more SKUs, trying to limit the SKUs.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And if it's working and if you really believe in it, then it should work out.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

I totally agree.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And also, if you do have a lot of people asking for briefs, for example, if you could do a survey and say, on your website, you could say, are you interested in briefs?

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

Then you could know what percentage, if you said 25% of the people aren't buying because we don't have briefs,

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

then obviously catering to that vertical and having somebody who's already you're engaged with, I think that's really the best way to harvest those customers.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And then also-

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

Underwear wears out, obviously, and so being able to kind of come back with an offer or some subscription model or something that every six months you'll send them some new ones, I think that is just doing everything you can to get existing customers just being rabidly loyal to your brand and your product.

How I Built This with Guy Raz
Advice Line with David Neeleman of JetBlue

And ask them, if I had different colors, would you buy more?