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Hulken made millions on Black Friday 2025, and Alex and Lee are already planning 2026 differently. Their best campaign last year went only to existing customers, and the Black Friday email that beat their Cyber Monday send had no design at all. In this solo episode, Alex and Lee open up the Black Friday playbook for a brand that's almost always short on inventory: who gets the deepest discount, which products never go on sale, why their salesy content flopped, and why they'd rather sell a bag at full price in December than on sale in November. In this episode: - Why existing customers got 30% off when new customers never will - Not all sales are created equal: protecting margin when inventory is tight - The salesy BFCM graphics that bombed, and the reels that actually converted - Early access by email and SMS a week before Black Friday - The plain text Happy Thanksgiving email that outperformed Cyber Monday - Building an SMS list from scratch with Structured - Why the first half of December brings their highest margin sales - How they decide whether a new product gets discounted Make sure you subscribe to Unfinished Business for the exact playbooks on how to run and scale your DTC business. This episode is brought to you by: Structured Agency: Where strategic guidance meets strong execution. Structured is a growth agency for DTC e-commerce brands, bringing paid media, lifecycle marketing, creative strategy, and CRO together into one integrated system built for profitable growth. Learn more and request a free audit at structured.agency/unfinishedbusiness 🎧 Watch on YouTube, listen on Spotify and Apple Podcasts. Timestamps: 00:00 Intro 01:12 Two months out from Black Friday 01:47 The best campaign of 2025: VIP early access 02:42 Why existing customers get the bigger discount 03:25 Discounting with limited inventory 05:13 Not all sales are created equal 06:24 Don't change your content strategy for BFCM 07:46 Early access a week before Black Friday 08:40 The plain text email that beat Cyber Monday 10:07 How Structured built our SMS list 12:13 Full price in December over discounts in November 13:15 The first two weeks of December 13:39 Know your numbers 14:15 Discounting new products

Kevin Chen (sells a red light therapy helmet that can cost more than a thousand dollars, takes months to buy, and takes six months to show results. Every DTC playbook says to start with a $30 impulse buy. Kevin went the other way, and he'll be the first to tell you he wouldn't recommend it. It started with his dad's quit-smoking laser clinic, a business where helping customers meant never seeing them again, and a last-ditch pivot into hair loss with the family business one bad bet away from shutting down. Alex and Lee ask Kevin how you sell an expensive product in a category where "you're snake oil until you're proven." He walks through listing on Amazon six months before he had a website, calling his first 100 customers one by one for testimonials, the ABCD framework he uses to build trust in every ad and email, why he turned down wholesale deals that later sank a competitor, and why he says Costco pays him to advertise to 15 million households. In this episode: - Why his dad's quit-smoking clinic was a business you couldn't win - Starting on Amazon before having a website, and what his first 100 customers were worth - The ABCD trust framework for health and beauty brands - Why owning your price and your channels beats fast distribution - How to market a product with a 2 to 3 month sales cycle - The Costco math: huge reach, thin margins, and the highest return rate of any channel - Why he keeps customer service fully in-house - The marketing playbook he says every 0-to-9-figure brand is running in 2026 - His "who, not how" rule for leading a 100-person team Subscribe to Unfinished Business for candid conversations with founders who've actually done it. This episode is brought to you by: Structured Agency: Where strategic guidance meets strong execution. Structured is a growth agency for DTC e-commerce brands, bringing paid media, lifecycle marketing, creative strategy, and CRO together into one integrated system built for profitable growth. Learn more and request a free audit at https://structured.agency/unfinishedbusiness Horatio: Horatio builds dedicated, AI-enabled customer support and back-office teams for fast-growing e-commerce, fintech, and healthtech brands. Every team is trained on your brand's voice and workflows, so you can scale support without sacrificing quality. Unfinished Business listeners get $2,000 in launch credits at https://hirehoratio.com/unfinishedbusiness 🎧 Watch on YouTube, listen on Spotify and Apple Podcasts. Timestamps: 00:00 Intro 01:10 Why launch a high-priced product? 02:11 His dad's quit-smoking laser clinic 04:21 Pivoting with no runway left 05:51 Owning your price and your channels 10:23 Selling on Amazon before having a website 11:13 Calling the first 100 customers 13:42 The ABCD trust framework 15:29 Building a 20,000-member Facebook group 18:11 Selling a 1,800 dollar product vs. a 30 dollar one 26:32 Getting into Costco 29:28 The real cost of Costco 34:12 AI and the company brain 45:46 Who, not how 52:59 The 2026 marketing playbook

Hulken pays Structured $8,500 a month. In Q4 last year, the email and SMS channel Structured runs for them drove more than $3.3 million. Even in a dead summer month with barely any inventory, it still brought in over $540,000. Belynda Murray is the retention strategist at Structured who has run Hulken's email and SMS for the past two years. She sits down with Alex and Lee to open up the playbook: how Hulken went from 4 to 6 emails a month to 10, the two numbers that tell you you're sending too much, why VIPs got a steeper discount than anyone else, and how unengaged subscribers get saved for Black Friday instead of deleted. In this episode: - The ROI math behind $8,500 a month and $3.3M in Q4 - Why Hulken sends 10 emails a month, and the two metrics that tell you it's too many - The spam complaint rate she keeps under 0.01%, and why she'd rather see unsubscribes - How early access for VIPs became the top campaign of Black Friday - 11 days, 17 sends, and a quarter that finished up 36% year over year - The plain-text email from Alex that turned into a new series - Why a $10 welcome offer beat 10% off - Red flags when hiring an email agency, including how they use AI Subscribe to Unfinished Business for candid conversations with founders who've actually done it. This episode is brought to you by: Structured Agency: Where strategic guidance meets strong execution. Structured is a growth agency for DTC e-commerce brands, bringing paid media, lifecycle marketing, creative strategy, and CRO together into one integrated system built for profitable growth. Learn more and request a free audit at structured.agency/unfinishedbusiness Horatio: Horatio builds dedicated, AI-enabled customer support and back-office teams for fast-growing e-commerce, fintech, and healthtech brands. Every team is trained on your brand's voice and workflows, so you can scale support without sacrificing quality. Unfinished Business listeners get $2,000 in launch credits at hirehoratio.com/unfinishedbusiness 🎧 Watch on YouTube, listen on Spotify and Apple Podcasts. Timestamps: 00:00 Intro 01:36 Meet Belynda from Structured 02:09 The play that changed Hulken's email and SMS 04:21 Rethinking VIPs for a bag brand 05:33 How Hulken landed on 10 emails a month 07:41 The two metrics that say you're sending too much 09:33 When customers are ready for a second purchase 11:07 Building SMS from scratch 14:12 Why $10 off beat 10% off 16:15 Black Friday end to end 18:21 11 days, 17 sends, up 36% 20:35 $8,500 a month, $3.3M back 26:27 The plain-text email from Alex 29:18 Agency red flags, including AI 33:16 Klaviyo and deliverability 37:38 Winning back unengaged subscribers 42:22 Why month-to-month works 46:32 Rapid fire: best and worst emails 50:14 Does send time matter?

Leah Marcus and Yasaman Bakhtiar posted about a pickle company every day for months before they had a single jar to sell. The first videos were trends, and the trends flopped in the way that matters: views came in, followers didn't. So they changed the format to two women documenting the build, and people started tuning in like it was a TV show. That series became Good Girl Snacks, the brand behind Hot Girl Pickles. Erewhon, Whole Foods nationwide, Forbes 30 Under 30, a $3M seed, and zero dollars of paid media until a few weeks ago. Alex and Lee go past the founding story and into the machine. What posting every day actually buys you, how a comment section and a packaging breakdown built the community, why Whole Foods made them redesign the jar, how three weeks of retail data closed a funding round in a week, and how two best friends split a company between them without a real fight. In this episode: - Why trends get views and never get you followers - The hook that turned a pickle company into a daily show people watched - What $0 customer acquisition really costs, and when it stops working - The three different jobs your feed, reels, and stories should each be doing - Why Instagram outperformed TikTok for a brand built on raw video - How organic cucumbers and a single growing season forced a fundraise - Why they keep every hate comment instead of deleting it This episode is brought to you by: Structured Agency: Where strategic guidance meets strong execution. Structured is a growth agency for DTC e-commerce brands, bringing paid media, lifecycle marketing, creative strategy, and CRO together into one integrated system built for profitable growth. Learn more and request a free audit at structured.agency/unfinishedbusiness Horatio: Horatio builds dedicated, AI-enabled customer support and back-office teams for fast-growing e-commerce, fintech, and healthtech brands. Every team is trained on your brand's voice and workflows, so you can scale support without sacrificing quality. Unfinished Business listeners get $2,000 in launch credits at hirehoratio.com/unfinishedbusiness Subscribe for new episodes every week. Follow Good Girl Snacks on all platforms: @goodgirlsnacks, goodgirlsnacks.com Chapter Timestamps 00:00 Cold open02:30 Posting before there was a product04:17 Splitting a company between best friends08:22 The first hire and the outside help13:15 The marketing stack, and Instagram vs TikTok16:11 $0 CAC and moving product off real shelves17:29 Designing a jar for the shelf22:54 Why posting every day sells product25:10 The hook that broke them out30:02 The Forbes comments33:08 Turning cucumber disasters into content35:06 Marketing to Gen Z36:30 Buy into a world, not a product37:35 Why they raised, and closing a round in a week42:04 The weekly social plan47:02 The scariest part is starting

For most of their careers, Alex and Lee believed a bigger team meant a stronger company. Now they believe the opposite, and they've got the receipts: $50M in revenue last year with seven full-time employees and payroll running at just 4%. In this solo episode, they make the case that in the AI era, headcount has flipped from a status symbol into a warning sign. They break down what they call the "minimum viable company," where maximum revenue per employee beats a swollen org chart every time. The model runs on three layers: lean in-house leadership, a network of agencies for specialized work, and an AI layer where every team member has their own assistant handling the project management that used to go to junior hires and interns. The engine underneath it all is a company "brain" built in Notion that their agents plug into. In this episode: - Why Alex and Lee now read "I have 30 employees" as a sign a company is doing it wrong - The exact numbers behind their claim: $50M, seven people, 4% payroll - How the AI layer replaced the junior hires and interns they used to rely on - Why they built their company "brain" in Notion, and how their AI agents plug into it - The hiring rule they live by: wait until you literally can't, then demand a clear ROI - Why speed, not headcount, is the real driver of winning (and losing) - The honest downsides of a tiny team, from taking out the trash to dropped balls Subscribe to Unfinished Business for candid conversations with founders who've actually done it. 🎧 Watch on YouTube, listen on Spotify and Apple Podcasts.

Katie Lefkowitz was a lifelong Snickers fanatic when a colon cancer scare and a doctor's orders to cut sugar should have ended that relationship. Instead, she went home and started experimenting with date-based caramel in her own kitchen. Katie is the founder of Harken, the better-for-you candy brand now in nearly 7,000 stores including Walmart, Costco, Sprouts, and Kroger, with Whole Foods launching this fall. Before Harken, she was COO at CAULIPOWER, the original cauliflower-crust pizza brand, and that food-world network is how a printed-out prototype with stickers on it turned into Harken's first national retail deal. In this episode of Unfinished Business, she walks through how that deal happened (including a calendar invite with no explanation attached), why she skipped the usual direct-to-consumer playbook entirely, and what she's learned running a five-person team through a Costco launch. Our biggest takeaways: - How a colon cancer scare turned into a national candy brand - The unmarked calendar invite that got Harken into Walmart - Why she walked into her first retail pitch with fake, printed-out packaging - The case for skipping DTC and going straight to retail - Running investor relationships through a monthly two-hour office hours block - Why Harken is overhauling its packaging in Q3, and what drove the change - The fiber stat she says is moving more product than any ad Subscribe to Unfinished Business for more unfiltered founder stories. New episodes weekly on YouTube, Spotify, and Apple Podcasts.

Every episode, Alex and Lee talk about how fast Hulken is growing. This one is about what that growth actually costs. For the first time, they get candid about the messy middle of scaling a bootstrapped, vertically integrated brand: chronically out of stock on their bestsellers, rerouting inventory away from their own website to protect retail relationships, and discovering that the model that built them is now the thing holding them back. They get into why being sold out can be both a brand asset and a real liability, why their lowest reviews have nothing to do with the product, and how they're testing new products outside their own factories to keep the core team focused. It's an honest, mid-sprint debrief on omnichannel growing pains, told from inside the company, with no VC safety net and a Q4 they can't fully announce yet. What you'll take away: - Why "we're always sold out" is a harder problem than it sounds - How they decide which channel gets limited inventory when there isn't enough to go around - Why retail partners now come before their own DTC customers - The real reason great products still get three-star reviews - How tariffs and shipping costs reshaped their inventory decisions - Why they're launching new products with outside manufacturers - How they're planning 2027 while fighting to stay in stock this yearNew episodes of Unfinished Business drop weekly. Follow on YouTube, Spotify, and Apple Podcasts so you don't miss the next one.

Justin Allen co-founded TUSHY a decade ago to solve a problem most Americans didn't know they had. No roadmap, no comparable brand, no playbook… just a bet that if you made toileting joyful enough, people would come around. They did. Now, ten years in, Justin is asking harder questions: What does brand even mean when the media landscape has completely fractured? How do you build creative at scale without losing what makes you you? And when do you trust the data, and when do you just flip the table and build? In this episode: - How TUSHY created a category from scratch and what the "toothpaste out of the tube moment" actually means for retention - Why Justin went "kicking and screaming" into founder content and what made him change his mind - The performance creative orchestra: what it is, why volume isn't enough, and what strategic diversity in creative actually looks like - What brand meant in 2015 vs. what it means today and why Justin has stopped pretending he knows - Learning velocity vs. just "moving fast" - When failure is an option, and when (with plumbing under pressure 24/7) it absolutely isn't - His take on retail, TikTok Shop, and how to innovate for a channel instead of force-feeding itSubscribe to Unfinished Business on YouTube, Spotify, and Apple Podcasts. New episodes every week.

Two things have been true at Hulken since year one: no dropshipping, and only say yes to collabs that actually earn it. On the eve of launching their most complex product development yet (a full pattern collab with Posh Peanut), Alex and Lee sit down to work out, on camera, what they actually think now. This is a solo episode. No guest filter, no rehearsed takes. At $50M, the playbook isn't finished. The most honest thing you can say is that we’re still breaking rules we set when we were smaller. If you're building a product brand somewhere between "we're figuring this out" and "we've figured this out," this is the real version of that conversation. What's in this episode: - The reason Alex and Lee said no to dropshipping for years (and the exact conditions that finally changed their minds) - Alex's 3 non-negotiables for every brand collab - Why Lee won't say yes to any retailer that won't buy inventory upfront - How the Beautyblender collab landed Hulken backstage at the Grammys and the Oscars (the bag, not them) - The "position of power" test that tells you when your brand is actually ready to dropship Subscribe to Unfinished Business on YouTube, Spotify, and Apple Podcasts.

Most founders building consumer brands think DTC is the goal. Allison Luvera knew from day one it was just the testing ground. Getting into Whole Foods, Costco, Safeway, and Total Wine with five employees and a patented box wine format was a three-year plan built on intentional price testing, customer research, and unit economics priced for retail before she ever walked into a retailer. Allison is the co-founder and CEO of Juliet Wine, one of the fastest growing wine brands for women in the US. She came up running luxury marketing for some of the biggest names in spirits, and took everything she learned about how big brands operate to build something they couldn't easily copy, a patented cylindrical format that creates a brand moat in an industry that's notoriously hard to protect. This conversation covers the full journey: why beverage alcohol never had a DTC golden age, how she navigated the skepticism from distributors even after proving DTC traction, the copycat wine brand that literally used her co-founder's hand in their marketing photos, and why she thinks fundraising should come with a warning label. Highlights: - Why Allison priced Juliet for retail margins on day one, even while selling DTC only - How 70% of Juliet's customers had never considered box wine before they found her - The three-tier alcohol distribution system and why it makes DTC structurally difficult at scale - The story of a major wine corporation stealing Juliet's photography and her public LinkedIn response - Why exits in alcohol happen earlier than most industries and how that shapes her fundraising strategy - What it actually takes to get into Whole Foods as a five-person team - The Sephora analogy: why women in wine have always been forced to choose between quality and brand Subscribe to Unfinished Business wherever you listen to podcasts and if you loved this episode, make sure to leave a review. Learn more about Juliet Wine at julietwine.com.

Greta Meyer started Sequel in a college classroom. She and her co-founder identified a physics flaw in the tampon that nobody had fixed in almost 100 years, and spent years navigating FDA clearance, manufacturing partnerships, and a medical device regulatory process most founders would have quit on. They launched DTC, spent almost nothing on ads, and built their brand through partnerships instead. Yankee Stadium reached out to them. So did the Indiana Fever. The thing that makes Sequel work is also the thing that makes it hard to copy: radical focus. They're not trying to reinvent the whole menstrual experience. They fixed one fluid mechanics problem and built everything around that. In this episode of Unfinished Business, Alex and Lee sit down with Greta to talk about what it actually takes to break into a commoditized, legacy-dominated category when you can't out-spend the incumbents and the product itself is invisible to the consumer. In this episode: - Why "we're not trying to solve everything for everyone" is the strategy, not just a line - How Sequel redesigned a class two medical device on a retrofit of existing machinery, and why that constraint was actually the unlock - Building brand in a taboo category without making it feel taboo - Why Yankee Stadium and the Indiana Fever came to them, and what that taught Greta about how to find partners worth having - The zero-ad growth playbook: organic social, affiliates, and stadium-as-acquisition-channel - Why going DTC first, before retail, gives you the customer data and the brand credibility you need to walk into a retailer from a position of strength - What she'd tell a founder who's about to do outreach to a partner they want: wait - The team structure behind a 6-person operation running a medical device startup - How Sequel is thinking about Amazon, and why TikTok Shop was the right test before it Greta is the kind of founder who knows exactly what she's building and exactly what she isn't. If you're entering a crowded market and wondering whether you need a huge ad budget to compete, this one will reframe that question entirely.

Suze Dowling has seen the inside of more DTC brands than almost anyone. As co-founder of Pattern Brands, a multi-brand home goods portfolio she's been building since 2018, she doesn't just run one brand. She runs five at once on a shared services team, which means she watches the same mistakes play out across categories, price points, and growth stages, over and over again. The biggest one: founders who scale before the math works. In this episode of Unfinished Business, Alex and Lee sit down with Suze for one of the most honest DTC conversations they've had. She talks about what she actually looks for when acquiring a brand, why she's shut down companies that were still profitable, and why the DTC equation most founders ignore is the thing that determines whether your brand survives. In this episode: - The DTC math equation Suze uses to diagnose any brand: revenue = AOV x conversion x sessions, and why most founders try to scale before all three are working - Why profitability was Pattern's non-negotiable when the rest of the industry was chasing growth at all costs - How she decided to shut down profitable brands, and why she calls it opportunity cost, not failure - The thing founders lie to themselves about most: product-market fit - What running five brands simultaneously teaches you that one brand never could - Why she still calls five customers herself every week, by phone - How tariffs forced the hard calls she already knew she had to make - Pattern's global team structure and how she got lean before lean was the obvious move - Where she stands on AI right now, and why not using it is "truly petrifying" to her Suze is the kind of operator who has made the expensive mistakes, learned from them, and built a system around never making them again. If you're building a DTC brand right now and you're not sure whether your math is actually working, this one is for you.

We turned the mic around. For the first time on Unfinished Business, Alex and Lee are interviewing someone from inside Hulken, their own Chief Brand Officer. Tara Seruya has been working with Alex and Lee for over a decade. They first met at Ivy, their first company together. When Hulken came along, Tara came with it. She's the person behind every brand decision that resonates: the Supreme collab, the Oscars, the community of makeup artists, hairstylists, and set designers who carry Hulken everywhere and post about it without being asked. In this episode, Alex and Lee ask her everything. The things that worked. The things that surprised them. The expensive editorial shoots that didn't land. The authentic, messy UGC that outperforms everything. We covered: → What luxury actually means: Hulken is "conceptually not luxurious." But it makes you feel unstoppable. → The organic-first paid strategy: Hulken never runs content on paid until it proves itself organically. → Obsession over content skills: Hulken find superfans who were already carrying the bag every single day and ask them to tell their story. Tara explains why that distinction changes everything → The creative community told us where to go: Makeup artists, hairstylists, prop stylists, and set designers were using Hulken organically before there was a brand strategy around it. → Solving a real problem: Alex on why none of the brand, the collabs, or the cultural moments would have mattered if the product wasn't genuinely solving a daily problem for real people. → Brand content vs. paid content: How Hulken keeps these lanes intentionally separate → Branding advice. In ASMR. Lee asked. Tara delivered. If you want to understand how a product goes from utilitarian rolling bag to cultural icon (without losing itself along the way) this is the blueprint. Listen and subscribe everywhere you get your podcasts!

Seven people. $50 million in annual revenue. One brand that somehow manages to feel like it's everywhere. If you've ever wondered how Hulken actually works (the operating model, the org chart, the tools, the strategy), this is the episode. This week on Unfinished Business, there's no guest. It's just Alex Schinasi and Lee Rotenberg, co-founders of Hulken and co-hosts of this show, getting into the questions they get asked most often: How do you run a brand this size with a team this small? How do you think about brand vs. growth? What does AI actually look like in your day-to-day? And what's actually coming next? Alex and Lee built Hulken from scratch into one of the most recognizable product brands in the DTC space: a rolling bag that started as a practical solution and became a cult object. They did it with a lean team, a very deliberate agency model, and a relentless focus on what actually moves the needle. In this episode: → The $50M with 7 people model: Why Hulken runs on a lean in-house team and a carefully chosen agency network → Alex's recent aha moment: growth and brand have completely different north stars, and treating them as the same function quietly dilutes both. Here's what changes when you split them. → Building AI systems at Hulken: The first AI agent they're building internally → The Claude Cowork morning routine: Alex's exact setup → Why the fact that Hulken isn't a Hermès bag is one of its biggest brand advantages → Hiring AI agents instead of humans: Why the question isn't just "should we hire?" but "should this role be a human?" → What's coming next: Collabs, new products, and a few things they can barely talk about yet This is the most behind-the-scenes episode they've done. If you're a founder, a builder, or someone who's been following Hulken and wondered how the machine runs, this one is for you. New episodes of Unfinished Business drop every week. Subscribe wherever you get your podcasts, and follow along at @unfinishedbizpodcast.

They cooked dog food in a rented kitchen in Queens. Their friends thought they were insane. That was 2018. Today, Spot & Tango is a 100% direct-to-consumer, subscription dog food company doing $120-130M in revenue and growing 60% year over year. This is all with zero retail shelves, 95% subscription, and a $35M factory they built themselves to protect a category they invented. Dylan Munro is the co-founder and COO of Spot & Tango. Before this, he was at McKinsey, diligencing DTC brands for private equity firms. He grew up in Canada in an entrepreneurial family and always knew he wanted to build something of his own. When his co-founder Russell was cooking human-grade dog food in a studio apartment on the Upper East Side and neighbors kept asking to buy it, Dylan was introduced at exactly the right moment. They quit their jobs, rented an incubator kitchen in Queens, and started making dog food by hand. In 2020, they launched UnKibble: a freeze-dried, human-grade dog food that was genuinely unlike anything on the market. They called the category "fresh dry." No one else was doing it. They sold through four months of inventory in four days. That was the signal. They raised money, built a $35M factory in Allentown, Pennsylvania, brought manufacturing in-house, added over 20 points of margin, and went profitable in late 2023. They've been growing double-digits every year since. On this episode of Unfinished Business, Alex and Lee sit down with Dylan for one of the most practically dense DTC conversations they've had, covering the real mechanics of how Spot & Tango actually scaled. In this episode:- The website quiz that added 10-15 questions between a visitor and checkout and doubled conversion while cutting CAC in half (yes, more friction = better results) - How they scaled creative throughput 10-20x: hundreds of pieces a month, 70% UGC, a systematic outreach process to source creators, and a full AB testing operation on Meta - Why Dylan calls himself and his co-founder "golden retrievers" and how the discipline of saying no built a $130M business - The decision to spend $35M on a factory (and exactly why it was the right call) - The "fresh dry" category: what it is, why nobody else was doing it, and why owning the manufacturing was the only way to own the category - How Spot & Tango uses TikTok - The D2C vs retail debate they have all the time and where that conversation is right now - Pop Gum: the dental chew they launched 7 months ago that's already at $10M+ ARR Dylan is the kind of operator who does the unsexy work, thinks clearly about the fundamentals, and has the receipts. If you're building a DTC brand and trying to figure out how to actually scale efficiently, this episode is for you.