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In episode #2639, We discuss the recent bankruptcy of Thrasio, a $3.4 billion aggregator that acquired Amazon businesses. We talk about the risks of relying too heavily on one formula or platform and emphasize the importance of being cautious and responsible when scaling a business. We highlight the need to save for tough times and avoid over-leveraging oneself. Additionally, we share a cautionary tale about a friend who regretted raising unnecessary funding and the negative consequences it had on their company.

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Check out more of Eric\u2019s content (Leveling UP YT) and Neil\u2019s videos (Neil Patel YT)\xa0

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TIME-STAMPED SHOW NOTES:

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• (00:00) Today\u2019s topic: $3.4B Thrasio Goes Bankrupt - What You Can Learn
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• (00:26) Thrasio's strategy of buying and rolling up Amazon businesses
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• (01:25) Factors that led to Thrasio's downfall
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• (02:58) Lesson on not relying on one formula or platform
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• (03:47) Importance of being cautious and responsible in scaling business
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• (04:35) Example of regretting raising unnecessary funds
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• (05:05) Mistake of getting too aggressive without thinking things through
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• (05:26) That\u2019s it for today! Don\u2019t forget to rate, review, and subscribe!
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Go to https://www.marketingschool.io to learn more!

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Links Mentioned in Today\u2019s Episode:

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• Thrasio
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Leave Some Feedback:

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• What should we talk about next?\xa0Please let us know in the comments below
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Connect with Us:\xa0

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• Single Grain << Eric\u2019s ad agency
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• NP Digital << Neil\u2019s ad agency
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• X @neilpatel\xa0
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• X @ericosiu
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