How I Built This with Guy Raz

Manduka: Peter Sterios

10 snips
Apr 24, 2023
Peter Sterios, the founder of Manduka, transitioned from architecture and yoga teaching to create a leading yoga accessories brand. He stumbled into yoga by chance, which led him to invest $25,000 in durable mats, foreseeing a demand that others overlooked. He shares how targeting influential yoga teachers helped propel the brand. Peter also discusses navigating early cash flow challenges, personal struggles, and the emotional complexities of stepping down as CEO, providing a candid look at entrepreneurship intertwined with personal growth.
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ANECDOTE

Manduka's Origin

  • Peter Sterios started Manduka after discovering a durable yoga mat used by his teacher, Shandor.
  • A business consultant advised against the venture due to the mat's longevity, but Peter saw an unmet need.
ANECDOTE

The Unique Mat

  • Existing yoga mats were thin and uncomfortable, unlike Shandor's thick, black mat from Germany.
  • The mat was originally designed as AstroTurf underlayment, accidentally perfect for yoga.
ADVICE

Risk and Passion

  • Peter Sterios took a risk by funding his first mat order with credit card advances, despite being in debt.
  • Driven by passion and seeing a market opportunity, he prioritized the business over financial caution.
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