No. 11 Fastest-Growing Company: Thread Wallets

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THREE-YEAR GROWTH 1,047%

CITY Provo

FOUNDED 2015

EMPLOYEES 36

INDUSTRY Consumer Goods

WEBSITE ThreadWalltets.com

FOUNDERS Colby Bauer, 31; McKenzie Bauer, 29

THE COMPANY Provider of carry accessories like wallets, lanyards and cases.

BRIGHT SPOTS Good things come in small packages. Thread Wallets has brought style and substance to the “carry” market, dominating with more than $12 million in sales last year and a loyal community of fans.

GOALS
1. “Establish the ‘Carry On Foundation,’ which will help youth with mental health issues through boardsports.”
2. “Become the go-to brand for all things ‘Carry.’”
3. “Make Thread the best place to work.”

ADVICE “Don’t compare your beginning to someone else’s end.”

WHAT LIGHTS A FIRE UNDER YOU? “The desire to take care of our employees and their families.”

SHINING MOMENT “In 2018, we were selected as the #3 Startup to Watch by the UV50. This was the first award we ever received. It completely blew us away and was so humbling to be recognized by the community that helped us get our start. That’s when we realized what we were doing was noteworthy and could reach the potential we saw in it.”

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