63 min listen
MedMen: what went wrong at the cannabis industry’s first unicorn, with Founder and former CEO Adam Bierman
MedMen: what went wrong at the cannabis industry’s first unicorn, with Founder and former CEO Adam Bierman
ratings:
Length:
55 minutes
Released:
Mar 1, 2022
Format:
Podcast episode
Description
Look, we’re going to tell you straight - this is a blinding episode - and that’s because we’re talking to a man who is unflinchingly honest about his Founder experience.
On the outside it looked like Adam Bierman had it all. He was the Co-Founder and CEO of MedMen, a cult phenomenon and the world’s first cannabis unicorn. They were seen as the Apple of weed and they looked unstoppable.
But in 2019, a year after hitting its all time high on the Canadian stock market, the company had lost 95% of its value. Adam’s personal wealth was also up in smoke because he hadn’t listened to his advisors - instead of diversifying his assets, he’d bought even more MedMen stock. And then came the lawsuits.
Adam is no longer with the company and was in a reflective mood when he sat down with Dan.
So what on earth happened? Why did he leave the company? And what has he learnt from all of this?
Sponsor links:
smithandwilliamson.com/secretleaders
klaviyo.com/secretleaders
personio.com
vanta.com/secretleaders
On the outside it looked like Adam Bierman had it all. He was the Co-Founder and CEO of MedMen, a cult phenomenon and the world’s first cannabis unicorn. They were seen as the Apple of weed and they looked unstoppable.
But in 2019, a year after hitting its all time high on the Canadian stock market, the company had lost 95% of its value. Adam’s personal wealth was also up in smoke because he hadn’t listened to his advisors - instead of diversifying his assets, he’d bought even more MedMen stock. And then came the lawsuits.
Adam is no longer with the company and was in a reflective mood when he sat down with Dan.
So what on earth happened? Why did he leave the company? And what has he learnt from all of this?
Sponsor links:
smithandwilliamson.com/secretleaders
klaviyo.com/secretleaders
personio.com
vanta.com/secretleaders
Released:
Mar 1, 2022
Format:
Podcast episode
Titles in the series (100)
Blippar: Jess Butcher building a business and a family: Jess Butcher is the co-founder of Blippar - the augmented reality giant. Founded in 2011, Jess has over 250 colleagues and as of 2016 raised a total of $100m valuing the business at a reputed $1bn and it’s also reported that they turned down an acquisition of £1.5bn. Jess gives us an insight into the founding days of Blippar and also what it's like building a behemoth of a business while also raising a family.This episode of The Secret Lives of Leaders was recorded at Stockton House in front of a live audience at the Foundrs Unconference. by Secret Leaders with Dan Murray-Serter