Thread makes the coolest elastic wallets in the market, complete with special designs to make them your own. Years ago when they were first starting out I actually was one of their original Kickstarter backers. What you might not have known is that it was originally just supposed to fund a sock company, their initial idea. Now, Thread is a 7-figure company that has landed on a multitude of top business lists, including being one of the 100 fastest growing companies in the state of Utah. Colby Bauer and his wife are the ones behind this unique take on wallets, and they run this business while raising their children as well.

Though Thread has seen plenty of success since the start, Colby has had his fair share of failures previously. He lost $20,000 on a software project gone wrong, and even his first initial Thread Kickstarter project only earned $2,000 of outside money. Yet from his failures he was able to unlock some of the keys to success and how to maintain a strong mind in the face of outside challenges.

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