Billionaire Entrepreneur Tells The Ugly Side of Running a Business

In this sit down with founder of Lululemon Chip Wilson, Patrick Bet-David discusses his new book Little Black Stretchy Pants and the good and bad stories on the journey to create the yoga-inspired athletic apparel company for women and men.
Order Little Black Stretchy Pants amzn.to/2CShFF4 - This is a book about ordinary people who took an opportunity to be creative, to be innovative, and to maximize their potential.
Chip Wilson’s part in this story comes from the learnings of thousands of mistakes. He set the culture, business model, quality platform, people development program and then got out of the way. Lululemon’s exponential growth, culture, and brand strength has few peers and it is because of those who employees who choose to be great. This book is also about missed opportunity - five years of missed opportunity. Chip was playing to win, while the directors of the company he founded were playing not to lose. Starting Nov 27th, the paperback will be available in bookstores across the country.
Follow Chip Wilson online:
Twitter: @ChipYVR
Instagram: @ChipWilsonOfficial
Facebook: @ChipYVR
Linkedin: Chip Wilson
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Music selection used through agreement with Epidemic Sound bit.ly/2B8DxK1
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Founded in 2012 by Patrick Bet-David, our goal is to impact entrepreneurs around the world through value and entertainment. We are the #1 channel for entrepreneurs because of the best interviews, best how to videos, best case studies and because we defend capitalism and educate entrepreneurs.
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[@VALUETAINMENT]

Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid

[@savannahmanzone3394]

I love this material that Lululemon has it's great for workouts I love rollerblading great interview Patrick thank you

[@larryrohrssen2428]

Great interviewer!

[@israelmarquez3206]

It would be great if you could add this interview to Valuetainment Español. A serious fan of Pat’s ideas and points of view or most of them.

[@pistolgrips]

How Patrick manages to interview so many incredible people is a testament to his awareness of greatness.

[@traderuniversity6178]

GameStop sank 25% as of 12:50 p.m. in New York, after rallying 1,600% in January. Hordes of day traders piled into the shares after noticing the elevated short interest in hopes that buying would force shorts to cover, driving the price ever higher. Now the trend is reversing. The Dow industrials hammered out a 235-point gain at the open, up 1.8% as the market looked to claw back a share of Friday's steep losses. The S&P 500 rallied 1.7%. The Nasdaq Composite swung 1.7% higher on the stock market today, Famous Stock analyst Dr Claus Smith said the new strain of Covid 19 virus being discovered is going to put a scare into the economy and the Stock Market in the next 3 months so He warns new stock buyers to be careful. For now you can only make profit by trading your stock with a strategy instead of panic selling, was able to make $50,000 with $10,000 in 3 weeks with his stock trading strategy, reach him WhAtSaPp+1(((.3615020533)))

[@TenTenJ]

It’s a testament to his sincere kindness and sincerity, a sense of culture.

[@NestorMaravi]

Indeed!

[@dividedsoulsent]

This guy dropped so many jewels! One of your best interviews Pat.

[@raymondst.lawrence2452]

A

[@Americanese_]

What jewels jumped out at you most? I really liked the "if you see something expressed 3 times, it will become big!"

[@silvermediastudio]

Agree 100% what an insightful hour. I had to look it up, Under Armor was founded in 1996, the guy Kevin Plank started creating and selling products in the years prior. Right at the same timeframe as Chip was making his transition from Surf/Skate to Yoga. I think Plank has about $2.5B net worth today.

[@entrepreneurstateofafrica]

You said it all

[@traderuniversity6178]

GameStop sank 25% as of 12:50 p.m. in New York, after rallying 1,600% in January. Hordes of day traders piled into the shares after noticing the elevated short interest in hopes that buying would force shorts to cover, driving the price ever higher. Now the trend is reversing. The Dow industrials hammered out a 235-point gain at the open, up 1.8% as the market looked to claw back a share of Friday's steep losses. The S&P 500 rallied 1.7%. The Nasdaq Composite swung 1.7% higher on the stock market today, Famous Stock analyst Dr Claus Smith said the new strain of Covid 19 virus being discovered is going to put a scare into the economy and the Stock Market in the next 3 months so He warns new stock buyers to be careful. For now you can only make profit by trading your stock with a strategy instead of panic selling, was able to make $50,000 with $10,000 in 3 weeks with his stock trading strategy, reach him WhAtSaPp+1(((.3615020533)))

[@Killacam1992]

There’s something about this guy, he’s got a good spirit.

[@badbadnotgoodgoodgodnotbad2930]

These videos are free?! Amazing content. Vision and predicting trends has to be the most understated rule of life

[@David_Addison]

From an information/entertainment standpoint this really is by far the best time to be alive!

[@investorsray1474]

*SUCCESSFULL PEOPLE DON'T BECOME THAT WAY OVERNIGHT.* *WHAT MOST PEOPLE SEE AT A GLANCE-WEALTH, A GREAT CAREER, PURPOSE-IS THE RESULT OF HARD WORK AND HUSTLE OVER TIME.* *I PRAY THAT ANYONE WHO READS THIS WILL BE SUCCESSFUL IN LIFE..*.

[@benjaminkatherine1153]

You're right ma,,

[@benjaminkatherine1153]

that's why I have to start forex trading 2months ago, now am making constant profit from it ..

[@usermane9320]

Natural, there’s a lot of math involved in forex trading,,

[@usermane9320]

but this is often presented in forms of daunting technical charts, indicators, patterns..

[@proanjou491]

Trading systems allow you to limit the factor of emotional influence on decision-making,,

[@Ayushkumar-cv3er]

boy that was pure fireeeeeee. oh my gosh. he actually expelled the real side of business behind closed doors. legendary guy

[@goodlifegreenscapeslandsca4425]

Easily among your top best interviews with a noteworthy industry leader that I've watched, Pat. Thank you for doing what you do to help us all get to know these great minds! I loved his insights into business partnerships/finding a counterpart to balance your traits, always love a good reading recommendations list, and I was inspired by his perspective of what it's like to be a creative visionary leader and how we have to create the time to be our space cadet selves, even as all the technicals are carried out to achieve the goals. I will definitely download his book! Would surely love a signed copy, thank you! -JD Schein.

[@lewisticknor]

Just had an epiphany about Valuetainment. Most viewers probably realize that we are witnessing a personal journey. Most of us realize that Patrick is also asking questions for his own benefit, and for our benefit. This particular video is extremely valuable and has sealed the deal for me as to why I have subbed to this channel. It is an evaluation on how the sausage is made. It is inspiring to me at the moment for two reasons. The first is that Patrick would help us all by providing this content. The second is that how the sausage is made has far fewer views than his mob videos. To me this indicates there are many more day job dreamer/consumers than people making the sausage. Us little guys should not get discouraged.

[@theunvoicedvoice]

This is one of those interviews that I save in a private list that I share with my inner circle and I often go back to and review. Full of golden nuggets and powerful takeaways that can be immediately implemented. That is one aspect I appreciated about this interview. Oftentimes, I watch interviews where the concepts are either abstract or lead back to 20 different places to do research about, then I need to put the pieces together to come up, hopefully, with the right answer, strategy. This was on point and easy to digest. Thank you, Pat.

[@dakotadellafera5850]

I watched this interview twice, and it goes by so fast. Really enjoyed it.

[@JasonWorley321]

Best interview. Appreciate all your interviews and this one connected with me stronger. 1. His perspective 2. quantifying human behavior for employee performance.

[@JasonWorley321]

Got the book. Looking into Landmark Forum. Thanks Patrick!

[@spookynuts7148]

@@JasonWorley321 Did he just say 1+1=3?🥴😳 36:01

[@Jorjina.hayatt]

I love Patrick's questions and how respectfully he places the question, asks very important questions and gets a lot of inside information which very few people are capable of. i loved the creativity question, that how to strike a balance between creativity and logic, excellent ! and a brilliant calm humble personality of the Ceo, so refreshing to see a grounded thoughtful decent Ceo

[@jermaineedwards7157]

Love the way you interview Patrick. Model of real excellence and preparation. Love the future/present focus of the interview. Fascinating stuff where you begin to consider the power of creativity in business. Keep up the work. 1 million subs on the way :)

[@sherl7435]

Chip is such a gem of a person, and that's why he is so successful. He is spot on about creative people in an organization, they are rare and often attacked by majority of their teammates. It is sad how corporate america has gone downhill.

[@OzSaudarna]

This is a huge issue...

[@shabaclank3711]

People will sell they momma in corporate America

[@jorgeherrera7838]

Amongst the best”PodcDast” or conversational dialogs that I’ve been able to learn from. Appreciate you PBD you Always pushing creativity!!

[@thatstherecipe]

chip is a real entrepreneur, take notes

[@Lauren-fl8mc]

Im totally taking notes

[@amoldodd5802]

One of the few great hosts that asks important questions and allows the guest to speak, learned a significant amount from this. Cheers to Pat and Chip

[@whatthefungus]

Love these interviews recently Patrick.. you are killing it! You are a great interviewer! Awesome channel!

[@wmcpromo]

Almost there! Thank you so much Patrick!

[@tiagobarrosdasilva1081]

Thanks for the short Portugal reference. I'm a portuguese living in Portugal very big fan of your content. Thanks for sharing that much value.

[@joshuamweeka1381]

I counted myself blessed when I discovered your channel,it has helped me so much am watching almost all your enterpreneurs interviews you had. Thanks so much am from Zambia

[@UpperCaseX]

This is going on my lunch - to watch list. Good job PBD and team 👍

[@mariomikho6304]

This is one of the best business interviews I’ve ever heard. Such good back and fourth. I love this and learned a ton

[@paulussantosociwidjaja4781]

Thank you for so awesome interview I have to rewatch, too!

[@Krisaber]

Awesome interview pat! I learnt how to be a better leader, keep trying even when you fail and how a creative mind thinks! Keep up the good work! Cheers! Chris 22 coming from the army

[@miscellaneousvlogger5762]

Man I love both of these guys content!! They inspire me to create my own vision!!!!

[@moodi2120]

i appriciate your time and the great values of both of you. learning new things from you everyday pat. much love

[@ronsiegel9766]

Wow Pat. One of your best interviews yet. Thanks for this. You're killing it by the way.

[@erikrobert18]

Been a Ambassador and R&D member of Lululemon for 15 years. Great interview Patrick.

[@bh5817]

Did you witness the brand decline in quality and has it since improved back to its original high standards?

[@williamwells6468]

Been a fan for years and somehow missed this. Glad I went back and was rewatching videos. Thanks pat

[@NestorRamirezFeliciano]

Thank you for the referral on today’s Monday motivation video. Definitely worth the watch. 💎💎💎

[@ieyeshiabates3556]

This is a great interview! I learned a lot :) I’m going to share it with other people

[@dinomahic9588]

Amazing interview! For me it is by by far the most educational interview so far on this channel. Thank you both for providing such a great content!

[@Numantino312]

holy crap! returning to a just-filmed video to play it thru to take notes yourself; PBD, you just gave me a new learning technique/habit. TOTAL VALUE RIGHT THERE! THANK YOU YET AGAIN!

[@succeedscaps1451]

A very interesting interview with Chip Wilson. Pat, you know how to conduct a great on-camera interview. Thank you for suggesting it to us. We appreciate all of your work that you share with us.

[@HassanMushaid]

The best first ever. Really resonated with me. Nearly 1 million Pat 💪

[@RicardoReyes-zr8ft]

thanks for recommending this video on one of your newer ones 👍🏽👍🏽

[@bev8200]

The first thing he said resonated with me instantly. Everything that comes out of my imagination and comes into the real world I'm instantly im happy with it and want to improve it. You are gold.

[@vyaasshankar7605]

Thanks Pat!! After following you for the past few months, I got super motivated to learn from other people!! I plan to start my podcast in the next couple of months 🔥🔥❤️

[@DavidKendallGoogle]

This is such an interesting real life scenario of a founder holding the position of capacitor within an organization. Of course the current will want to avert the redirection if given the option. Fantastic example of economic inductance and capacitance vs resistance. TY PBD, you're quickly becoming my favorite channel.

[@zahidtilly9348]

Pat you're almost at 1 Million Subs. When is the conference dude...cant wait!!!!!

[@rithwik]

This interview is a goldmine!! One of the best I have seen...

[@darronsanderson4837]

Pat is teaching me how to listen to people. I'm 54 and just learning how to listen to people. Pat has mastered this skill.

[@olivialarsen7280]

priceless to hear advice from experienced entrepreneurs and their mistakes, so you have a chance not to make the same. Thank u for sharing!

[@aion2177]

I like this guy, so calm, thoughtful and unfazed about whats being discussed. Gonna watch this a few times :) Thanks for the video @Valuetaiment.

[@patrickrivera7404]

Half way through. Without a doubt, One of the best business interviews I've heard! Thank you!

[@lynnyeung9040]

this interveiwer is awesome!!! Thank you

[@shaneskull820]

Amazing interview, as an inexperienced business owner I found this very informative. Thank you.

[@devanshgadda8595]

1m soon Patrick :D Thanks for everything.

[@daniel512_24]

✔

[@danielbarbas8978]

3m soon

[@JonathanPoland]

What an incredible model for older founders to learn from. Great stuff PBD.

[@latestsports-viralsportscl3971]

Awesome founder. Brilliant insight. Thoroughly enjoyed watching this, and I watched the whole thing.

[@tenspeedtruck4083]

Phenomenal interview. Phenomenal guest. Just a plain phenomenal program. Well done, the phenomenal, Patrick. 😊

[@adriangarcia9406]

I really like this video, Chip and Patrik have shared so much great information on how to look at things.

[@tradergyan24]

Wow this is definitely one of the best interviews - top 10 that I have seen in my life! Chip just taught me more than I learnt in 4 years at business school 😂 as always excellent questions Patrick. Phenomenal questions! Thank you 🙏🏼

[@Lealea2828]

Pat we appreciate you, you are such a fantastic interviewer and really pull so much insight from your guest... so interesting thank you!

[@TonyMoze]

Man I like this guy!!! Not only is he a Salesman, he’s a great visionary and creative person! Just hear his thoughts, predictions, reasoning, etc! Dope! 😎 Thanks for this interview!

[@troythompson2]

Race to 1,000,000!!! Talked to Chief.. He said this is it Pat

[@chandanbansal22]

Work not to inspire your generation but to leave a legacy for future ones... I got this. Thanks PBD❤❤❤

[@sonnybrahmi3136]

Great In depth interview thanks a lot Patrick

[@geromeo.3103]

Almost one million subs. Keep your word Pat. 👌🏾👌🏾👌🏾💪🏾

[@osamachoudary4379]

Great video Patrick! truely look the content you present for entrepreneurs

[@resachadley3135]

Wow, what a great interview, Thank you again

[@ZeriteNetwork]

Class is in session...Thanks a lot Mr. Bet-David...talk of people who made me start my Business, finance and law channel....From Kenya with love!

[@VALUETAINMENT]

Love it. See you at the first LIVE Valuetainment conference.

[@bjornexperience6301]

Awesome, great motivation touching on essences like nothing else. Thank you for this great interview Patrick 👍

[@SeforaCatana]

I resonate with Chips mindset and creative feeling ; explaining the future to those who look at metrics from the past because I know it’s a feeling of where it will go and at times it’s like pulling teeth as I’m launching a tourism leisure business in this opportune times. No place to get creative then a world crisis . Wonderful interview . It aged like fine wine .

[@LB-vp7kf]

This was an amazing watch and actually made me feel much better seeing some of my own personality traits in him it really put things in perspective.

[@TeachingLiberty]

Great interview. I will be showing this to my 10th grade social studies class for our unit in the industrial revolution. I have them make their own businesses!

[@LaszloMag]

These videos are a god damn gold mine! Thank you for all the amazing content!

[@braeasyofficial]

I love this episode. This 100% speaks to me and how I look at what is my business going to look like in the future

[@paco9617]

Thank you very much for this awesome content! Learned more here than in business school, shows you how much the education system needs to be revamped.

[@Luxurytainment]

Great content Pat!! Who’s watching in 2021

[@ericcolon2759]

Excellent video!!! Thanks.

[@damiancalzato6480]

Great interview!!!

[@ericman3234]

Extremely well read. Great interview

[@kenbehzadi1185]

You're a great interviewer Pat. Arguably the best!

[@AlexandriaYoutube]

This is probably one of the best interviews I’ve ever seen! I just finished reading the book and it was amazing!! I’ve always love Lulu and it was really interesting to learn more about the story and the founder behind the brand.

[@johan5512]

Did you hear the books he recommended, I can’t really hear what he is saying on the second book.

[@armandoc6675]

Could you tell us the name of the book? Thanks

[@AlexandriaYoutube]

@@armandoc6675 the book is called little black stretchy pants

[@julyrosales]

Patrick this was a good interview, I see his perspective. You can conquer someone by stepping on their head or you can be inclusive and bring someone and you up a level.

[@husenbaba1260]

One word. Priceless. Thanks Patrick and Chip

[@rasmusrasmusson]

What a great interview. Intelligent questions and intelligent answers. Not enough of these in business media.

[@Khem_giri]

1. Will learn about marketing 2. Will learn about culture 3. Will learn about vision Then any other book or video from these conversation . I bet every body no KZbin programe like Patric bet david (valuetainment ) has . Every startup should watch these before they going to start any kind of business . Thank you so much Patric bet david for being who you are today .I have read almost 50 books then I saw these video and it summarizes all . Unbelievable .

[@MrMaverickD]

Great interview ! What a brilliant man

[@doctor3264]

Great interview, thank you.

[@paulo.mendes]

amost 1M! keep it up big guy!

[@dennisrepetitonmiskowski7677]

Patrick I love you as a content provider. I must say this guy chip Wilson must be a very intelligent guy. I felt it just with your interview great job keep up the good work a+ on that one

[@harryvanderveen773]

Great video, thanks, many nuggets.

[@MrStifleras]

amazing interview. this guy knows business

[@screendrem]

I also did the Landmark forum and grew up in the surf industry. Great interview!

[@jimmydesilva]

If this video taught me one thing it's if people focus on your pants they're probably not focused enough on the right thing. #Focus

[@frankvenados5644]

This Guy engage me!!! Thanks Patrick.

[@S65B40]

This is pure gold or as I like to call it, rocket fuel. Thank you for the knowledge and the effort it took to put this out.

[@TheZGALa]

Thank you for this bundle of nuggets. I am a visionary and love hearing success stories of others. I want to build a productive team.

[@bobbybotorola4723]

Your almost at a million ape jan keep up the quality content i love your channel...lav mna

[@VALUETAINMENT]

My man

[@36ixty5ive9]

hey patrick your a good reader of people,you even know how to dress accordingly depending on who your interviewing,i love strategies and mind chess moves,keep motivating and educating my guy! thumbs up

[@savorthepassion]

Dude. 24:31 I'm already thinking: Do I really want to IPO? One way or another my baby is not getting lost in the numbers. Also, already added 3 books to my buy list. I love that he referenced Good To Great by Jim Collins (and team). I absoultely agree that a level 5 must train some to become better than them. I've been saying it since before I was even aware of the multi-leveled leadership diagram: my goal with any cook is to train them to eventually be better than me. Though I also said "it's not going to happen because I'll never let you get better than me, but I'll never steer you wrong on purpose and I will teach you everything I know if you're willing to listen." As Chef Damon "Fish" Woods always said "Homes, I'm going to keep talking to you, but here's the thing; all I can do is drop gems, its up to you to pick them up."

[@VALUETAINMENT]

Exactly

[@heavenalmighty1666]

Such a great interview!

[@kevinkang4427]

His book is a must read. Great insights into the ups and downs on the journey to become a billionaire

[@arfakpropertyuk]

Awesome @PatrickBetDavid @Valuetainment Thank you 👍

[@gladec3896]

Fairly new watcher, thank you so much

[@yotamtravels]

Thanks Pat, this is gold.