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E245: From $0 to Billions in a Regulated Market
How do you build a multibillion-dollar company from scratch, walk away at the peak, and reinvent your life around purpose, generosity, and impact?
In this episode, I talk with Pete Kadens, one of America’s most respected first-generation wealth creators and one of the leading philanthropists focused on closing education and opportunity gaps across the U.S. Today.
Pete and I dive into how he built Green Thumb Industries (GTI) into a multibillion-dollar cannabis company, the unsexy strategies that made it work, and why choosing overlooked markets and consumers unlocked massive profit. We cover the power of ownership cultures, transparency, discipline frameworks, and why giving equity and education to employees creates extraordinary performance. We also explore the character transformation that led him to retire at 40.
Highlights:
Guest Bio:
Pete Kadens is a serial entrepreneur and dedicated philanthropist who currently serves as Chairman of The Kadens Family Foundation, a national charitable organization focused on closing education and wealth gaps. He is also the Founder and Co-Chairman of Hope Chicago, which is educating tens of thousands of underserved Chicagoans, and a key supporter of Hope Toledo, now serving more than 300 families with tuition-free college and trade-school pathways.
Pete is the Founder & Chairman of Warmer, a new social platform designed to create kind, supportive, and non-toxic peer-to-peer interaction. He also serves as Chairman Emeritus of StreetWise, one of Chicago’s largest homeless assistance organizations, and sits on multiple nonprofit and for-profit boards dedicated to social impact.
Pete is a 2019 Henry Crown Fellow at the Aspen Institute, one of the most selective fellowship programs in the world, recognizing leaders who create ventures solving society’s most challenging problems.
Our Podcast now receives more than 300,000 downloads a month. Are you interested in sponsoring an episode? Please email David Weisburd at [email protected].
#venturecapital #vc #startups #openlp #assetmanagement
Stay Connected:
X / Twitter:
David Weisburd: @dweisburd
LinkedIn:
David Weisburd: https://www.linkedin.com/in/dweisburd/
Pete Kadens: https://www.linkedin.com/in/petekadens/
Questions or topics you want us to discuss on How I Invest? Email us at [email protected].
(0:00) Introduction
(0:19) Founding Green Thumb Industries and seizing opportunities in the cannabis industry
(2:08) Focusing on profit and choosing unsexy locations
(4:05) Targeting non-obvious customer segments and building partnerships
(7:44) Creating a disciplined framework for employee autonomy and engagement
(13:06) The importance and advantages of an employee ownership culture
(18:54) Transitioning from business to philanthropy
(19:47) Exploring different forms of wealth and personal fulfillment
(24:11) Balancing business success with personal life and trade-offs
(30:30) Role modeling, parenting philosophies, and teaching kindness
(37:40) Pursuing excellence, discipline, and lessons from Aspen Institute fellows
(41:41) Importance of suspending assumptions and embracing rest
(43:37) Valuing idiosyncratic excellence and embracing neurodivergence
(46:28) Turning aspirations into achievements and celebrating progress
(49:09) Concept of the minimum lovable product and reflecting on success
(50:44) Closing thoughts, gratitude, and how to follow Pete Kadens
(51:14) Closing remarks
View all episodes
By David Weisburd
4.4
8282 ratings
How do you build a multibillion-dollar company from scratch, walk away at the peak, and reinvent your life around purpose, generosity, and impact?
In this episode, I talk with Pete Kadens, one of America’s most respected first-generation wealth creators and one of the leading philanthropists focused on closing education and opportunity gaps across the U.S. Today.
Pete and I dive into how he built Green Thumb Industries (GTI) into a multibillion-dollar cannabis company, the unsexy strategies that made it work, and why choosing overlooked markets and consumers unlocked massive profit. We cover the power of ownership cultures, transparency, discipline frameworks, and why giving equity and education to employees creates extraordinary performance. We also explore the character transformation that led him to retire at 40.
Highlights:
Guest Bio:
Pete Kadens is a serial entrepreneur and dedicated philanthropist who currently serves as Chairman of The Kadens Family Foundation, a national charitable organization focused on closing education and wealth gaps. He is also the Founder and Co-Chairman of Hope Chicago, which is educating tens of thousands of underserved Chicagoans, and a key supporter of Hope Toledo, now serving more than 300 families with tuition-free college and trade-school pathways.
Pete is the Founder & Chairman of Warmer, a new social platform designed to create kind, supportive, and non-toxic peer-to-peer interaction. He also serves as Chairman Emeritus of StreetWise, one of Chicago’s largest homeless assistance organizations, and sits on multiple nonprofit and for-profit boards dedicated to social impact.
Pete is a 2019 Henry Crown Fellow at the Aspen Institute, one of the most selective fellowship programs in the world, recognizing leaders who create ventures solving society’s most challenging problems.
Our Podcast now receives more than 300,000 downloads a month. Are you interested in sponsoring an episode? Please email David Weisburd at [email protected].
#venturecapital #vc #startups #openlp #assetmanagement
Stay Connected:
X / Twitter:
David Weisburd: @dweisburd
LinkedIn:
David Weisburd: https://www.linkedin.com/in/dweisburd/
Pete Kadens: https://www.linkedin.com/in/petekadens/
Questions or topics you want us to discuss on How I Invest? Email us at [email protected].
(0:00) Introduction
(0:19) Founding Green Thumb Industries and seizing opportunities in the cannabis industry
(2:08) Focusing on profit and choosing unsexy locations
(4:05) Targeting non-obvious customer segments and building partnerships
(7:44) Creating a disciplined framework for employee autonomy and engagement
(13:06) The importance and advantages of an employee ownership culture
(18:54) Transitioning from business to philanthropy
(19:47) Exploring different forms of wealth and personal fulfillment
(24:11) Balancing business success with personal life and trade-offs
(30:30) Role modeling, parenting philosophies, and teaching kindness
(37:40) Pursuing excellence, discipline, and lessons from Aspen Institute fellows
(41:41) Importance of suspending assumptions and embracing rest
(43:37) Valuing idiosyncratic excellence and embracing neurodivergence
(46:28) Turning aspirations into achievements and celebrating progress
(49:09) Concept of the minimum lovable product and reflecting on success
(50:44) Closing thoughts, gratitude, and how to follow Pete Kadens
(51:14) Closing remarks
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