Austin Hankwitz’s Post

Your favorite sandals could make you rich. BIRKENSTOCK is growing worldwide, as Wall Street now expects the company to deliver $2B in sales throughout 2024. The bulk of the sales growth the company is experiencing is actually coming from the APMA region — specifically China. This is a great reminder of the investment strategy of “buy what you know.” Maybe you own a few pairs of their shoes — but do you own the stock? What company do you want to see next?

Charlotte is crushing it right now! Her company is growing like a weed. If you love building CPG brands online, this is your gig

🎉 Special Announcement After an incredible Season 2 of Mind the Business: Small Business Success Stories in the books — we’re hosting ANOTHER live episode! This year’s live episode will be filmed at the iHeart Theater in Burbank, California on July 8th. Jannese T. and I will be joined by special guest Will Lucas — Founder & CEO of Creadio! If you’re in the Burbank area, come join us! Reserve your seat by going to https://iheart.com/mtblive Looking forward to seeing y’all there :)

Costco is reporting record profits. Costco Wholesale is on track to generate over $250B in revenue this year, and Wall Street is expecting over $7B of that to shimmy down to the Net Income line item of the income statement. The weird thing is the vast majority of these annual profits come from selling a subscription, not merchandise sales. I’ll be doing more of these short company deep dives in the future — let me know what company you want to see next!

As a lot of you know, my business partner Christian Blackwell and I have invested into a ton of startups over the last few years. A few examples include: 📲 Stan — where John Hu and Vitalii Dodonov are improving the creator economy. 💇♂️ Modern Mammals — where Joe Moriarty is changing the shampoo game. 📺 Telly TV — where Ilya Pozin is revolutionizing the television industry. 🌐 Hadrius — where Som Mohapatra and Thomas Stewart are using AI to improve compliance standards. One thing that’s often forgotten about with startups like these (and our own) is the need for a good financial tech stack. The video I’ve shared breaks down how Mercury can be used for all of the financial workflows of a small business. That’s why over 200K startups — including many of our portfolio companies at Witz Ventures — choose Mercury for its precision, control, and clarity through the stresses of operating in the crazy startup landscape. Feel free to connect with me if you’re a founder that’s still trying to figure it all out, and learn more about Mercury below! https://lnkd.in/g6Jiyv2a #mercurypartner #smallbusiness #creator #startup #content #growth #fintech