How Did This IIM Dropout Build A ₹1,300 Crore Business? | The 1% Club Show | Ep 9

This IIM drop out built a Rs. 1,300 Cr business.
Would you quit your cushy corporate job to follow your passion? That’s exactly what Vedang Patel, the co-founder of the ever-so-popular pop culture apparel brand The Souled Store, had done.
A mechanical engineer with a knack for numbers quickly found himself realizing that the 9-5 job was not for him. So, he quit his job and followed his passion for pop culture. Follow this exclusive interview where Vedang spills all the beans on the souled store’s origin story.
For any fledging entrepreneurs, this video is a must-watch! So make sure you watch it until the end.
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Time Stamps:
(0:00) : Highlights
(0:40) : Vedang's networth
(1:13) : Vedang's education, first job and salary
(2:30) : The story behind dropping out of IIM
(3:25) : How did Vedang start his t-shirt business & what are the challenges faced?
(6:04) : T-shirts sold & revenue in the first year
(7:15) : Money management during the early days
(8:20) : Securing licenses from Warner Bros & Disney
(11:00) : Marketing secrets revealed !
(13:20) : How much money did TSS raise?
(14:14) : What's the future like for TSS?
(15:08) : Lifestyle changes after hitting it big
(17:18) : How Vedang strategically invests money, and IPO plans
(18:42) : Why is Vedang still hustling?
(19:15) : Advice for budding young entrepreneurs
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Sharan Hegde is a personal finance expert who has been featured in Forbes, Economic Times, Mint, Times of India and many more. He is the Founder of The 1% Club, India's biggest finance community which helps people achieve financial independence.
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Links:
Sharan Hegde
Instagram: / financewithsharan
LinkedIn: / sharanhegde
Twitter: / financewsharan
Vedang Patel
Instagram: vedang0506...
Linkedin: / vedang-patel-40aba34b
The 1% Club
Instagram: opccommunit...
Linkedin: / mycompany
KZbin : / @onepercentclub12
#financewithsharan #finance #sharan

[@nicholaslinetti]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.

[@demetriussullivan4088]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

[@KarenOpenda]

Amazing. It gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?

[@demetriussullivan4088]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth in the past two quarters.

[@demetriussullivan4088]

This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets.

[@HarveyHeckland]

I’m intrigued by your progress. Could you share some insights into your investment strategy or perhaps recommend any specific resources or mentors that have led to your success.

[@nithink4354]

When he said "he wanted his school friends to invest and be part of success." Love it. True man.

[@manifestabundance-pu6ex]

Good on him But i would never do so COZ THESE SO CALLED BASTARDS SCHOOL FRIENDS WERE NOT THERE FOR HIM WHEN HE NEEDED THEM THE MOST

[@Casey-summer]

Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.

[@mellon-wrigley3]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $610k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

[@disney-hefner]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since August last year, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@lilyhershey1]

​ *@sofiakhalidda* I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@disney-hefner]

Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@lilyhershey1]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@cosmic_trader23]

One day I will sit in such a show.

[@Rashmika20]

all the best 👍

[@financewithsharan]

Love this

[@seasonalboy]

Fr I'm 15 and my urge to earn money is just crazy rn, even if it's a $ I'm down

[@Afzal3000]

They don't have audience

[@darkknightopgaming8868]

Respect

[@chandraprabhubirnale4495]

I have been using souled store products for 4+ years now probably. The product line still today looks fresh and appealing. They have maintained their quality of products, that’s what I like. TSS boxers have lasted me more than my jockey & other branded ones😅. So do all the t-shirts. Got my first marvel & DC merch clothes from TSS. Keep up the good work!!

[@financewithsharan]

Amazing 🤩

[@rajeshkamath822000]

Sharan is probably the best "question asker" on youtube..

[@Gen..z]

Agreed

[@surajmarchande95]

Oh my god...This was full of surpris that when your see your known one is giving interview...in 2018 I was working with Souled Store..I knew Vedang and other founders too..They all are very nice Rohin, Ashish and Lal...Loved to see that Vedang is here on your show Sharan...The Souled Army 🔥 Still love the company..Lots of love...more to go ✨ TSS ✨

[@RheaPatranabis]

Vedang seems like a down to earth and genuine guy. Great podcast

[@batmanbillions]

he got no ego when the guy askedd what cars he drive(bcz he knows the wisdom of showoff standard vs actual value) and also home....

[@harshsorout6]

all questions are making him sweat ...he answered all well also.. ...really very good podcast interview

[@nickjones2813]

Sharan, loved the way you asked several questions back to back, this is what we want to hear, continue these podcasts you have a lot of listeners

[@devanshgarg31]

"When stupid decisions work out, you look like a genius " But you gotta understand, you need to take 80 good decisions and 20 stupid decisions in life

[@dkq986]

Nope... Only 1 stupid decision and rest all should be calculated.

[@deekshithmedikurthi2925]

Glad to live in the internet era. I had no idea that a store like this existed in the first place and this podcast popped up in my feed.

[@nait1291]

Sharan never fails to keep us fin-ducate!! Looking wow in white tshirt 🥶❤️

[@financewithsharan]

Thank you 😊

[@revatisugumaran]

Thanks for such an inspiring interview. Sharan u are doing a great job man!

[@shwetajoshi9780]

So simple and so insightful...what a guest !!thanks !

[@CodingMode]

He was earning 1 lakh/month and only had 1.75 thousand family income to start business. Inspirational story 🎉

[@asadkhan-bz5mm]

175k

[@kinnormajumder9747]

You can get a 5L personal loan very easily!

[@Catnidhi]

Something is not adding up.

[@IronMan-471]

Only one request itne chote videos mat banao, ese 1.5 - 2 hours ke podcast karo, hame bohot kuch sikhne ko milta hai I hope you will make ❤

[@frugaleconomist99999]

Another good one. Awesome takeaway lessons. Thankyou Sharan & team. Keep bringing more such podcasts which is quite informative for yet to become entrepreneurs.

[@samarthsrivastava2416]

Loved this video! I love wearing souled store, have been a huge fan of the brand!

[@AdilKhan-kb3gf]

Thoroughly enjoyed this video. Keep it up!

[@drsandhyaiyer8346]

If I have twenty apparel in my wardrobe, 18 are from souled store. They are indeed good in what they do .

[@dramascamp9719]

Just now subscribed to this chanel after seeing how much detailed information ur asking from him for us....love u sharan.....❤❤❤❤

[@rajeshr4510]

Such an inspiring interview 👏 thank you for conducting this kind of interview and I expect like this

[@syamkumar4506]

Really good interaction from both way.And mae him in detail is good thing

[@ranitpaul3353]

Nice collaboration, it's great to see the icons of this generation comes together for everyone to learn from them through QnAs, really helpful content appreciate it 😊

[@deepeshsao1008]

Feel super happy for these young lads managed to get sucrss so early and he wish to share the wealth journey with his mates. 🙌🤞👍🙏

[@kongo295]

Watching this and just realised I’m wearing a souled store t shirt haha. Cheers to the team. I love their stuff 😊

[@alexselvanathan]

Man sharan, you're a youtube genius. You know how to hold your audience till the end. The interesting questions you asked in the first 1 minute made me stay for the whole video. Also it was not just a talky talky video, but you included graphical content too to engage viewers. Great job.

[@vka5467]

Good one Sharan..kudos.. just a suggestion.. you are interrupting too often.. The flow is getting disturbed.. if you can listen, pause and allow the guest to speak more than you.. this good podcast becomes great.. Thanks for understanding..

[@roshanl]

What a great guy ! Superb interview Sharan

[@docshah8730]

Got their first tshirt back in 2014 at kala ghoda art festival. Was impressed with the quality , bought 3. Till date they are in great shape but once they started expanding the brand as with any other brand the quality and the gsm decreased. Although the new styles are pretty durable as well but back then it was a different feel.

[@priyanshumodi7198]

I am in love with this man Sharan his podcast are 1000X better i am ready to pay for the podcast if he prices it...

[@pradeepk3048]

Bro I just bought tshirt from there website after seeing the podcast i even didn't known there is some websites like this for pop culture love it man thanks for getting guest like him ❤❤😊

[@kartikking7]

The last line was so meaningful and I feel it

[@shobhalvenkatesha2727]

You seems to be interrogating him Sharan, the conversation could be better.

[@RRR18_333]

ಶರಣ್ ಗೆ ಶರಣು 🙏 for this time saving session by asking them how they exactly they spend to start, capital everything to start their Dream in this short session.

[@mforbes4574]

So Straight... Love it

[@dailyyoutube676]

Thank you for the inspiration abb market me milte hai 🥂

[@nagangks7486]

My son's are buying dresses from soul store 😍,You are introducing many new faces.

[@viveknxgn2]

very interesting and inspiring story guys

[@hesh2892]

Very good interview Sharan. But for your videos, We would never have known about such Indian success stories of today😮 souled store 👍

[@dhawanshri]

Really informative.. on a lighter side, it was more of - questions thrown like bullets than a discussion/interview 😄

[@lamgoumangchongloi5344]

The fact that its in English i really learn from your show. 👍

[@ArupBhanja]

Absolutely agree that there are exogenous variables that don't show up in your Excel.

[@ntrelectricmotorsdavangere1255]

Good video shoot . Your voice superb. Expect some more videos young age entrepreneurs . I am 52 but being with 25 age entrepreneurs me crazy.❤

[@arjunjoy3007]

He is so humble 🍀

[@shreeramhegade9008]

Very fast way of questioning. Glad that he answered all very well. Don't think anyone would usually yell out their financials so easily. And the ending looked a little abrupt, you should have thanked him at least. But good conversation, I learnt something new.

[@roh_it]

All my T - Shirts are from The Souled Store!! Love the designs!! 🤩🤩🥳🥳

[@Abdush_]

Sharan bhai you sometimes interrupt the guest alot. Let them speak and complete. (just a free friendly advise)

[@ahamedjameel8480]

Amazing video.

[@RookieTrader27]

Wouldve enjoyed the full uncut version of this. I loved the whole convo, but sometimes the dots wernt connecting becoz of these cuts

[@ARES-qo2yl]

wow Soul Store and Sharan 😍😍🥳

[@pranaykhandelwal5755]

These poscasts are way better than the reels!!

[@NikhilRevz]

Inspiration 💥

[@inquistivecorner]

Hey Sharan, just curious, why did you delete some of the old episodes? They were interesting and insightful as well. Would be great if you could put them back for our reference.

[@sundarrajan581]

Love the Naruto Tee you're wearing Sharan!

[@user-ft4wj4ic4q]

Very informative

[@nasrkhan7280]

I follow my brother.. Finance with Sharan. ❤u brother. Stay blessed ✌️

[@bhawnaagarwal5335]

Proud to be a fellow TVite!!!!

[@bharsanta5029]

Wonderful podcast.. and awesome! You are asking the right questions .. and he was okay to answer everything honestly..As such.., for the company.., can see the delight in him.. enjoying and celebrating what he does.. surely.., that excitement.., passion n customer satisfaction is the cause of success of the brand.. Thanks a lot Sharan for doing this..👍🙏🙏best wishes!!both of you

[@nusratjahanahmad]

Great Conversation! Just Love This - Thanks A Lot 😊❤!

[@Ankit-iy1od]

Such a humble guy

[@joshideepa2386]

Sharan be like 'How much, how much, how much?'😂 Kitna Paisa hai bolo😂

[@manifestabundance-pu6ex]

I NEVER HEARD OF THIS BUSINESS WILL HAVE TO CHECK

[@Tirupati1998]

Worth watching

[@v2official-qd1mb]

Good session sharan ❤

[@ajithgowda1578]

Sharan don't scare him' man

[@srinikethb4311]

Unrelated.. But the Naruto T-shirt rocks!🤘

[@speakes_her_mind]

Mangalorean English hits the sweet spot 😁❤

[@Happyboi16]

What a coincidence my souledstore sweatshirt just arrived today lol

[@balasubramaniam6151]

Is there a PART 2 ? Feels like video is incomplete.

[@mohan7642]

Sharn you are bang on bro.. appreciate ..ಸೂಪರ್ ಬ್ರೋ ನೀವು , ಸಕತ್ ಕಿಲಾಡಿ ಇದ್ದೀಯ... ನೀವು ಉತ್ತಮ ಹಣಕಾಸು ಸಲಹೆಗಾರ.... But BTW Vedang if you are not comfortable in sharing your earnings and spending, then don't come to the show. You were feeling very uncomfortable in revealing any number properly. Dont come here to market your brand.

[@rahulbhan8842]

Business is like a labyrinth for me

[@sarkhan384]

Sharan can you invite a fashion designer like Sabya, Manish Arora, Abu Jani or anyone more in fashion industry. For us to know more about how to enter fashion business and if this industry has growth.

[@financewithsharan]

Someone in the pipeline from the fashion industry ! Stay tuned 🎉

[@MuhammadTalhaEhsan]

Amazing... Din bana dia

[@NT24077]

Vedang is super smart

[@nandinims9472]

I get the vibes of Sushant Singh Rajput in this guy, his mannerism is so similar... Does anyone else feel the same ? :)

[@_iam_atul]

I bought that Friends tshirt "One with all the episodes" .

[@mattasaikiran4812]

A Mechanical graduate, who is working in the Software industry watching a podcast hosted by a Mechanical graduate who is working in the Finance industry with a Mechanical graduate who is a business man. 😅😅😅

[@idrisahmed2659]

Mech and civil can literally go into any field except maybe medicine ....they just keep doing multiple things....core branches waalo me thoda junoon alag hota hai

[@vempatiashwin7123]

Mechanical Engineer's have 🔥 and thy r multi tasking attitude and good entrepreneur skills....... mechanical's are fire

[@s.k.gangwar8080]

Sharan bhai aap bahut hi informative videos banate h please agar possible ho sake to aap subtitles hindi language mai rakhiyega jisse ki English language knowledge k beech mai Rukabat na bane aur isse aapke views bhi badenge aur UP Bihar k bahut saare bhai jo meri tarah English thodi kam samjh paate h unhe bhi aapke content ka fayada mil payega.🙏🙏

[@mohdimtiyaz6583]

Your tone should be based on the guest's tone, it felt like rapid fire Q&A, let him tell the story and not interrupt with back to back questions, I mean even when he was telling a story you asked about the price of the bike and then asked about the car.

[@shashankhebbal-gh8zp]

hey Sharan can you make a video on how to start your own private ltd company?

[@kishoreyamali359]

nice man he should success

[@n.s.p7751]

Hi Sharan , how could i read financial statement and invest in his company(unlisted)

[@gpravin3468]

great

[@mathivathanv]

Not an IIM dropout! There is difference between dropout and someone who got admission

[@sridharnaik9769]

Mechanical engineering butten ❤

[@EVikasamapp]

Yes I will achieve soon

[@akashadhikari5931]

entrepreneur I love it

[@vishnuteja9823]

Sharan is more enthusiastic than us

[@diprajdeb7]

Networth 350 cr. Car- kia seltos We networth 0 bike - 3lakhs, That's the difference 😢

[@JoelMadthaShow]

Sharan, I appreciate the effort you put into creating valuable content. However, I wanted to share some constructive feedback regarding your interviewing style. While the content itself is good, I believe there is an opportunity to enhance the overall experience for our international audience. It would be beneficial to approach interviews with a greater sense of empathy and friendliness, ensuring that they feel more like pleasant and insightful conversations rather than formal interrogations. This adjustment will help us create a positive and inspiring representation that resonates well with our viewers.

[@knowledgelegend735]

Hii sharan bhaiya today is my ca foundation exam ...and i am very passionate about knowing the business and how to create a business.... Should I still continue my ca or go for the business schools like doing MBA ....???... please reply

[@user-fu9ws8cu5b]

Sharan this looks like its not the full conversation , Where can I watch the full conversation ?

[@abhilashsharma827]

Hey Sharan - Nice one. But, not sure if it's me the way you ask questions is like that strict interviewer :-)

[@vaibhavshinde6419]

Hi Sharan, Before they go for IPO, I wish to invest small amount from my side..Let me know how I can do that.. Looking this for investment purpose.

[@Ascendify5]

I bought hakuna matuta, dragon warrior, wish you were beer, this is sparta😂 back in 2014

[@Udbhavgupta7]

Whats the meaning of real delta in the marketing ?? Can anybody pls explain !?

[@growwithunique]

Sharan broh! The background of the videos feels empty. Fill it with proper decoratives. Also the camera lens feel not complete. So camera need to be updated to bring cinematic look.

[@Jayantkadam]

how much licensing and merchandising fees costs ?