In today's episode, Cody and Justin are joined by Taylor Offer from FEAT Socks.

This 26-year-old has been making millions since he was 22 from selling socks.

Yes, you heard us right...Socks. But FEAT Socks aren't your average socks and Taylor isn't your average entrepreneur.

Taylor gave up a prestigious investment banking internship to follow his dreams and create a business.

There was failure and even an unhealthy amount of success. Today Taylor has streamlined business and his life and ready to show you how.

Listen and read below to hear his amazing journey.

Episode Summary

We welcome Taylor from FEAT Socks

This business now makes millions annually

From a young age, Taylor was fascinated about price arbitrage -- this is where you can buy something and sell it for a big markup

Taylor doesn’t remember one moment that made him interested in money

He was more focused on value even as a child

Going into college he was only focused on a lucrative degree

He got a coveted internship in banking

Then realized how unhappy everyone in this business was

That made him realize that entrepreneurship was going to be his path

People were hard on him for dropping his coveted internship

His first business venture was a marketplace for college kids

It was called Market Loco and got over 500k hits in a month

The infrastructure costs were too expensive, so it failed

His next venture was making custom print t-shirts for frats / sororities

He started door-to-door but did a huge cross-country spree

It was really successful at the beginning and seemed too easy

Then one of his orders got ruined by the manufacturer on a $7k order

Taylor realized custom business was really tough

Great quote – “There’s a million ways to get it wrong, and only one way to get it right”

He meets his soon-to-be business partner his senior year

His partner parker had done $1M+ in custom lacrosse jersey sales

They brainstormed and settled on crazy socks as the next idea

This would become FEAT Socks

They sold $2k worth of socks out of a backpack on campus the first day

Over their senior year they sold 20k pairs of socks

They were making these by hand with a heat press

Eventually they hired out college friends

Imagine college kids in an unheated workspace, drinking and making socks

They really grew their list through Instagram and Facebook

Things really turned when they got their angel investor

Overnight they get $250k as seed money and FEAT Socks is legit

Then through some connections they get Aly Raisman as an influencer

It was during the Olympics and she sells $500k worth of socks and FEAT Socks goes viral

Originally, they were going to give away 50% of the company for $50k

Instead they raised the $250k at a $1.5M evaluation

Then we start talking about how the business got away from them

At age 23 they are making millions, move to LA and hire 20 entry-level employees

They get a 5k square foot warehouse all decked out

Taylor and Parker get named to Forbes 30 under 30 and life seems perfect

Then, their logistics company misses Christmas delivery dates for a ton of customers

They also spiraled into depression and worked 16 hour days all week

Taylor just broke down one day and took a one way to Thailand

He saw these poor kids in the streets who were happy

That moment made him really realize what was important

They also realized they had $75k in overhead -- this caused them to let go of more than 75% of their workforce and to automate everything

It was cheaper, better quality, and way less stressful

FEAT is now very successful with only 1 hour of work per day for the founders

With FEAT Socks running on its own, they started a marketing company

Taylor actually has like three other businesses going on (serious entrepreneur!)

He feels like he’s happy but always finding the balance

Oh,