Market expansion: China and retail caution

Danny Yeung went from selling baseball cards at age 12 to scaling Ubuy-Ibuy to nearly a million a month in revenue in just six months before Groupon acquired it in 2010. Then during Covid, he launched a PCR testing operation that processed 28 million tests and generated over $800 million in revenue across three years. He listed the company on the Nasdaq at a billion-dollar valuation—then watched it crash to $40 million within 18 months. Instead of giving up, he bet the entire company's future on launching IM8, a consumer supplement brand co-founded with David Beckham that scaled from zero to nearly $10 million a month in just over a year. In this interview, the co-founder of IM8 breaks down how he processed 40,000 PCR tests daily with a 2,000-person operation running 24/7, why he pivoted from Covid testing to launching a premium supplement brand, and the brutal $500,000 lesson he learned trying to unlock ad spend too quickly on Meta without the right infrastructure in place. What you'll learn in this interview: • How Danny scaled Ubuy-Ibuy to nearly $1M/month in 6 months before Groupon acquired it • Why he processed 28 million Covid tests generating $800M+ in revenue over 3 years • How he ran a 24/7 operation with 2,000+ people processing 40,000 tests daily • Why he listed on the Nasdaq at $1B valuation then crashed to $40M in 18 months • How he bet the company's future on launching IM8 with David Beckham • Why product obsession is the baseline—you can't even play without a great product • How IM8 scaled from zero to $10M/month in just over a year • The $500,000 mistake: trying to unlock ad spend too fast on Meta • Why consolidating multiple Meta accounts into one unlocked massive scale • How they now spend $200K/day on Meta while maintaining profitability • Why their average order value is over $200—one of the highest in supplements • How they signed athletes like Giannis Antetokounmpo and Fernando Alonso organically • Why NSF certification for sport was critical for credibility with elite athletes • His philosophy: you can't have a backup option—burn the boats and go all in If you're scaling a DTC brand, trying to unlock paid advertising at scale, or navigating a massive pivot after a business collapse, this conversation will fundamentally change how you think about product obsession, risk-taking, and building brands that elite athletes actively seek out. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://your.omnisend.com/foundr⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → ⁠⁠⁠https://foundr.com/operators⁠⁠⁠ HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.foundr.com/startdollartrial⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foundr.com/pages/coaching-start-application⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ → Already have a store? Apply here → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foundr.com/pages/coaching-growth-application⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ CONNECT WITH DANNY YEUNG Instagram → https://www.instagram.com/dannyyeung22 LinkedIn → https://www.linkedin.com/in/dyeung22/ Website → https://im8health.com/

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