Morgan Lavoie

speaker
350 appearances 16 recordings 1 series first heard Dec 2024 last heard May 2025

Morgan Lavoie’s voice in public audio — every appearance, attributed to the second.

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Appearances

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Yeah. What kind of debt have you had?
Yeah. Yeah. I don't think I've had credit card debt either.
Never have I ever played the lottery. I have.
Scratchers absolutely count.
Okay, perfect. Never have I ever been fired from a job. I haven't.
What's that story?
You were like, fair enough.
I mean, was it worth it?
We end all of our episodes by asking our guests for a money tip that listeners can take straight to the bank. And so it can be anything about something, a lesson that you've learned, something that you use to save, negotiate, make money, shop, anything.
Yeah.
It's like when Tiffany Haddish re-wore a dress that she wore to an award show when she was hosting SNL. She was like, I need to get my money's worth.
I love that.
And it saves money. Good for the environment. I'm sold.
It's Morgan, the EP of the show filling in this week for Nicole while she's out on mat leave. A few weeks ago, Nicole did an episode about old school businesses that are finally having their day in the sun and getting real props for their recurring revenue. Businesses like plumbing companies, pest control, and laundry.
According to data from PitchBook, private equity investors have bought over 800 plumbing, electrical, and HVAC companies since 2022. Today, I'm talking to someone who saw this potential long ago, Ajay Prakash, co-founder and CEO of Rinse, a company that is building the first national brand in laundry and dry cleaning.
And you might be thinking, how excited could someone really get about running a laundry business? The answer will surprise you. My fiance, Jack, bought and operated a laundry business in college with some of his friends. One of his partners in that business, Eitan, hi Eitan, went to work at, you guessed it, Rinse after college.
And you should see how excited Jack and Eitan get when they talk about laundry even now. So in my conversation with Ajay, I wanted to see what all the fuss was about. And I have to admit, I'm kind of excited about laundry now. Ajay and I chat about how to find, test, and scale these old school businesses that are ripe for innovation. But we also go beyond that. Ajay is a really excellent leader.
You can tell that just by listening to how thoughtful he is about how he manages his company and team. And as we're staring down the final days of 2024, I wanted to get some advice. Ajay gives a framework for founders on how to set goals for your company in a meaningful and achievable way.
And also advice for anyone who's thinking 2025 might be the year they finally take the leap and start their own company. Here's our conversation. Ajay Prakash, welcome to Money Rehab.
So happy to have you here. Of course, we have to start with the origin story of Rince. Can you take us through it?
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