{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Biz Devo with Kenneth Ott","title":"From $50 to $60 Million: Overcoming Business Failure w/ Jay Myers (Founder of Bold Commerce)","html":"","width":"100%","height":180,"duration":4889,"description":"When Jay Myers' online business collapsed, leaving him unable to pay rent and down to his last $50, it seemed like complete failure. Yet this rock-bottom moment became the foundation for Bold Commerce, which now serves over 800,000 Shopify stores. His journey reveals how business failure often contains the hidden seeds of extraordinary success.Connect with JayLinkedIn: https://www.linkedin.com/in/jasonnmyers/ Instagram: https://www.instagram.com/jasonnmyers/ Bold Commerce: https://boldcommerce.com The Shopify 1% Podcast: https://podcasts.apple.com/us/podcast/ecommerce-is-just-math-lets-break-it-down-growth-on/id1785874734?i=1000691385152The Shopify 1% Podcast on Instagram: https://www.instagram.com/shopify1percent/ SummaryIn this inspiring episode, Ken welcomes his first-ever Grow Time Biz Devo guest, Jay Myers, founder of Bold Commerce. Jay shares his powerful story of overcoming devastating business failure to build one of e-commerce's most successful companies. After his online archery supply business collapsed under mounting debt and logistical challenges, Jay found himself broke, unemployed, and unable to even pay rent. At his lowest point, with just $50 to his name, he had a profound conversation with God about his future that changed his perspective entirely.This complete business failure became the turning point that led Jay to discover Shopify and identify the app marketplace opportunity that would become Bold Commerce. The company grew to employ 450 people, serve over 800,000 stores, and raise $60 million in funding. Throughout the conversation, Jay explains how his faith helped him navigate the crushing disappointment of business failure and remain open to the unexpected doors that opened when others closed.The discussion explores crucial principles for entrepreneurs facing failure: understanding the difference between setbacks and defeat, recognizing that valleys are where growth happens, seeing business failure as preparation rather than conclusion,...","thumbnail_url":"https://img.transistorcdn.com/na2-ydYB-TZyXVwcIZy8msoy7uMO0ax3Apa3p0bAZKM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9iZWEz/ZmRlMjdmODc3NzBi/MTRlNTM1MTBiMjRi/MGI4NS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}