UV50 Startups to Watch: No. 3 Thread Wallets

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Founded 2014 City Provo Employees 12 Industry Retail Website ThreadWallets.com Founders Colby Bauer, 28; Mckenzie Bauer, 26 The Company A provider of cool and unique wallets and accessories.

GREAT MINDS

Talk about a pocket full of sunshine. Thread Wallets is bringing “functionality and self expression to a product category saturated with bulky and boring.” After raising $35,000 on Kickstarter in 2014, the husband-wife duo launched their website and came out swinging. And the common thread? Growth. The company went from over $130,000 in sales in 2015 to $1.1 million in 2017 to projections of $4.5 million for 2018. (BusinessQ will see you on the Fastest-Growing flip side.)

THE FUTURE IN MIND GOALS

  1. Have a solid team and culture where people have the freedom to create.
  2. Become a household name for wallet products and accessories.
  3. See Thread Wallets sold in Urban Outfitters.

MIND YOUR BUSINESS

Mind Over Matter   “Don’t compare your beginning to somebody else’s middle or end.”

Peace of Mind Comes From … “We’re religious people, so believing we have God as a business partner is very comforting.”

Speak Your Mind … “We love how willing people are to help and give of their time, advice and resources. We have connected with amazing individuals, and it’s helped our growth so much! We are indebted to local entrepreneurs.”

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