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Mike Mayer (Windmill) - Building the smart AC Unit that's eye candy for your window

Mike Mayer (Windmill) - Building the smart AC Unit that's eye candy for your window

FromThe Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands


Mike Mayer (Windmill) - Building the smart AC Unit that's eye candy for your window

FromThe Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands

ratings:
Length:
30 minutes
Released:
Oct 4, 2022
Format:
Podcast episode

Description

Our guest today is Mike Mayer, Co-CEO of Windmill. Windmill is the smart, quiet AC unit that looks nice. As you can imagine, we discuss the wonderful world of air conditioning. How he co-founded Windmill with his brother if he had any intention of getting into the air condition business, his approach to getting Windmill off the ground, fundraising, new revenue streams, and releasing new products.
Some of the questions I ask:
Did you always want to be an entrepreneur and start a business with your brother?
Competing clothing brand called Peaches
What was the insight that led you to founding Windmill?
How did you build out your supply chain?
How do you approach industrial and brand design?
What are some of the regulations?
Talk about all your different revenue streams?
Why do seasonal business
How did you think about your sales channels? Why did you do retail out the gate, how did you get into retail as your first channel?
What was the process of convincing investors?
How have you grown since founding Windmill?
Changes in COVID
We saw with high AOV products the repeat purchase rate isn’t very high. How did you think about additional products you could sell or even being able to build a subscription business?How do you use software coupled with the physical product?

What’s one thing you would change about fundraising?
What’s one book that inspired you personally and one book that inspired you professionally?Unbroken
Released:
Oct 4, 2022
Format:
Podcast episode

Titles in the series (100)

The Consumer VC takes a look into early-stage consumer investing and venture capital. If you are interested in learning about consumer trends, have a b2c business and interested in learning about the fundraising process at the early stage, you have come to the right place.Mike interviews some of the top venture capitalists in the world that focus on B2C and consumer type companies or have a deep track record investing in these categories such as marketplaces, SaaS, social, CPG and non-tech subscription.Mike also interviews founders that are building some of the most disruptive consumer facing companies in the world. The conversation usually includes the insight the founder discovered, fundraising strategy, and the pitch.This podcast also includes bonus episodes. Each bonus episode dives into a particular subject that might not have to due with the fundraise or venture capital, but still would be helpful to founders. For example, a bonus episode on brand strategy or how to construct a board of directors. All bonus episodes will be clearly labeled.For all episodes, please visit www.theconsumervc.com. For updates, you can follow @mikegelb on Twitter.